Trade idea for USD/CAD
On the daily chart, bulls are trying to return USD/CAD inside the long-term uptrend channel.
USD/JPY: dollar is overbought
Technical levels: support – 112.80; resistance – 113.60.
Trade recommendations:
- Sell — 113.50; SL — 113.70; TP1 — 112.80; TP2 — 112.40.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen; the prices are under the strong resistance near 113.50/60 and the market is overbought.
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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