USDCAD Buy Opp

9 thg 11, 2020

USD CAD rejecting the zone its currently in and the below trendline. Seeing bullish action in this pair with a short TP of 20ish pips. No USD news until 1pm and no CAD news until Wednesday. Structurally this looks like a nice trade opp. This could be a nice long term buy as well, since the CAD has no news and the US elections are over. US markets seemed to bounce back pretty well during the election. The only thing I can see deterring this form being a nice long term buy is the possible US shutdown due to Covid in various states and maybe even nation wide.