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peterbokma

USDCAD - Short-term BUY

Long
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
peterbokma  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Fundamental Analysis usdcadbuy oiltrading
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trendanalysis fundamental usdcadbuy oiltrading
The USDCAD still my favorite BUY strategy.

We got a regression channel with support 1.2314, and a BB support under 1.2260. RSI neutral and MACD positive.
It is my suggestion to buy USDCAD between 1.2327 - 1.2376 (current) and take profit at the mid-level of the regression channel 1.2657.

OIL is overbought, and any correction there would make USDCAD move upwards.

Stops should be placed under 1.2260.


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