As you can see from the chart USDCAD has been in a bullish environment for quite some time now and is playing out a very similar price movement over and over as price continues to make higher highs and higher lows with similar distance in pips, price is moving around 800 pips up followed by 600 pips down before price makes a new high if history is to repeat itself we could be looking at buying opportunities on USDCAD around the 1.3200 region with targets of 1.4.
I will be monitoring price to see what kind of reaction we get from the markets as price approaches this region.
I will be monitoring price to see what kind of reaction we get from the markets as price approaches this region.