fxplan

Trade Plan: USDCAD / Jan 25, 2016

USDCAD: downside should be limited by 1.3815/4000 support zone and bring rebound.

  • Current trend:
    Short-term bearish.
    Long-term the up trend from 0.9500 is still in progress, bulls target at 1.6196 (2002 high), key support at 1.3456 resistance turned support.
  • Support and resistance:
    S1# 1.4060, S2# 1.3995, S3# 1.3875
    R1# 1.4245, R2# 1.4365, R3# 1.4435
  • Trading tips: buy on dips.
  • Strategy: Buy @1.4000, SL: @1.3875, TP: @1.4435
    If not, probably falls to 38.2% Fibo. at 1.3600

cad