USDCAD Ranging Zone

6 thg 4, 2022

For the past 2 days USDCAD has been in a ranging zone and the price broke out of the zone yesterday after the FOMC data was release, breaking the support level 1.24663. As we are looking at the market now USDCAD broke back into the ranging zone again, breaking another minor resistance zone which is our our currently support zone 1.24997. therefore we are looking for buying opportunities because price is making it's way to the resistance zone 1.25336.

Entries around 1.24997
Take profit 1: 1.25336
Take profit 2: Open
Stop loss : 1.24658