USDCAD short term: buy

The last time the pair fell to area 1.130xx area was back in 31 Jul 2019, where it was rejected. Projecting the same outcome, we have aligned a fib retracement to that price level and suggest taking short term long positions on the the upside swing. The CCI is oversold on the daily chart, which implies that a correction is in order soon. We suggest swinging up towards the 1.316xx area for pragmatic traders, and up to 1.322xx area for the more adventurous ones.

Skrrt Skrrt Esketit.