USDCAD 30min Analysis April 7th, 2020

Trade Scenario 1: Bullish - For us to go long we want to see price find support at 1.2590. We will then enter on strong bullish setups, first targeting previous highs around our point of control at 1.2610

Trade Scenario 2: Bearish - For us to go short we want to see price break below 1.2590. We will then wait for a retrace and for 1.2590 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.2550