USD/CAD: more trade ideas

USD/CAD: more trade ideas

Trade ideas

SELL 1.3110; TP 1.3050; SL 1.3130

SELL 1.3230; TP 1.3115; SL 1.3265

USD/CAD has reached the target at 1.3115 we’ve given earlier this week. The pair’s currently supported by the 50-day MA. However, a spike in volatility is expected today due to the release of the US Nonfarm Payrolls.

If the market goes through this support, the natural target will be at 1.3050 (trendline support of 2018, 38.2% Fibo of 2017-2018 advance).

On the upside, a recovery above 1.3170 may lead the pair up to 1.32 and 1.3260 if the US data give a positive surprise.

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Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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