USDCAD Long Bais
US Dollar against Canadian Dollar
The USD/CAD pair is currently on a structural support line that has historically demonstrated its ability to hold the pair. Based on this observation, it is reasonable to anticipate that the pair may respect this support level and potentially reverse to the upside, presenting a possible opportunity to enter a long position.
I would be interested in hearing your perspective on the future price action of this pair. As always, it is important to consider conducting further analysis and implementing appropriate risk management strategies before making any trading decisions.
The USD/CAD pair is currently on a structural support line that has historically demonstrated its ability to hold the pair. Based on this observation, it is reasonable to anticipate that the pair may respect this support level and potentially reverse to the upside, presenting a possible opportunity to enter a long position.
I would be interested in hearing your perspective on the future price action of this pair. As always, it is important to consider conducting further analysis and implementing appropriate risk management strategies before making any trading decisions.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.