Mihai_Iacob

UsdCad- to remain in range?

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
For more than a month now, UsdCad is trading in a range, with resistance above 1.41 and clear support in 1.3850 area.
I expect this range trading to continue and the pair to rise towards 1.41 again.
A long trade with SL under the bottom of the range would have a good R:R of 1:2.5
A daily close under 1.3850 would negate this scenario

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