Trade idea for USD/CAD
On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
AUD/USD: aussie keep staying inside Cloud
Technical levels: support – 0.7880; resistance – 0.7980
Trade recommendations:
- Sell — 0.7900; SL — 0.7920; TP1 — 0.7820; TP2 — 0.7770.
- Buy — 0.7920; SL — 0.7900; TP1 — 0.7980; TP2 — 0.8020.
Reason: narrow bearish Ichimoku Cloud with falling Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen, but the narrowing channel Tenkan-Kijun; the prices keeps staying inside a Cloud and the channel Tenkan-Kijun.
Tatyana Norkina
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Expanding bullish Ichimoku Cloud with rising Senkou Span B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines.
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