A rise into the zone above the 1.2600 resistance level will increase the odds, and a breakout of the key long-term resistance level 1.2960 will finally return to a multi-year bull market. Long positions are preferable in the current situation.

In an alternative scenario, the breakdown of the resistance level 1.2345 will become a confirmation signal for the resumption of short positions, and the first signal for

USD/CAD sales will become a breakdown of the short-term support level 1.2458.

Trading scenarios

Sell ​​Stop 1.2480. Stop-Loss 1.2535. Take-Profit 1.2458, 1.2450, 1.2345, 1.2225, 1.2165, 1.2128, 1.2085, 1.2010
Buy Stop 1.2535. Stop-Loss 1.2480. Take-Profit 1.2600, 1.2645, 1.2740, 1.2960

UCD-Daily
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





Source link

×