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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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USD / CAD: Sellers in business

Good evening, dear traders. Today, there is a small recommendation on USD / CAD, and the decline of which is now very likely.

The thing is that yesterday's news from Canada caused a great reaction from the market, and in the end, we see that all the news impulses from the buyer were completely absorbed, and this is a harbinger of even a local, but decline.

Therefore, today, I recommend trying to work on the decline of USD / CAD currency pair with a take profit at around 1.3070. Moreover, the maximum point of yesterday's loss will be considered to be the maximum of yesterday's news - the level of 1.3121. If the price updates the maximum, the scenario can be considered completely canceled.

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I wish you success in trading and huge profits!

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