USDCAD moving within a range
**Monthly Chart**
Last month candle closed inside a bullish candle suggesting a move to test the Monthly manipulation candle (MC). This looks a picture-perfect as the DXY chart. However, USDCAD is still moving within a range. Last week we had a good selling opportunity for 145 pips which hit our target price at 1.33734.
**Weekly Chart**
The weekly chart shows a bullish momentum for the last 5 consecutive weeks. While we are approaching the high near 1.36000 (round number).
**Daily Chart**
This week I will be watching this trade for a selling opportunity around 1.36000 or a little higher. But if the price moves lower first. Then I will be looking for a buying opportunity near the 1.32000 level.
Last month candle closed inside a bullish candle suggesting a move to test the Monthly manipulation candle (MC). This looks a picture-perfect as the DXY chart. However, USDCAD is still moving within a range. Last week we had a good selling opportunity for 145 pips which hit our target price at 1.33734.
**Weekly Chart**
The weekly chart shows a bullish momentum for the last 5 consecutive weeks. While we are approaching the high near 1.36000 (round number).
**Daily Chart**
This week I will be watching this trade for a selling opportunity around 1.36000 or a little higher. But if the price moves lower first. Then I will be looking for a buying opportunity near the 1.32000 level.
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