USD/CAD trade is in profit

USD/CAD trade is in profit

2021-06-04 • Updated

H4 chart USD/CAD

USDCADh4.png

Daily chart USD/CAD

usdcadd1.png

USD/CAD managed to advance further yesterday breaking above 1.21, reaching as high as 1.2128 earlier today, while our long signal that was issued at 1.2060 is now in profit with over +60 pips. In the meantime, it's wise to move our stop to our entry to protect the trade from any potential losses ahead of Canada’s Jobs Report later today, while we maintain our target remains at 1.22 for now.

S3

S2

S1

Pivot

R1

R2

R3

1.1926

1.1989

1.2012

1.2052

1.2075

1.2115

1.2178

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