Currently, USD/CAD is trading at 1.3081. The pair is trading in a downward resistance and support channel moreover it is about to enter its support zone. The price is moving towards its support zone at 1.3044 and it can rebound back after touching the support zone. So, it is likely that after it rebounds from the support zone, it can start a new uptrend.
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
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Thank you,
Rishikesh Lilawat
Follow proper risk management strategy to avoid unnecessary losses and to increase profitability, don't risk more than 2% of your capital on each trade.
Do follow us for future Forex trend analysis and Ideas.
Thank you,
Rishikesh Lilawat