Forecast – BEARISH
Date Posted: 6 Jan 2020
Currency Pair: USDCAD
Current Trend: DOWN
Forecast Move: DOWN
Key Tech Level: 1.2960
Trade Action: SELL A BREAK
Stop Loss 1.2985 -25 pips
Take Profit 1.2885 +75 pips
Chart & Forecast Details
USDCAD is already trending lower so all we need is strong Canadian data or weak US data and it should roll to the downside. We’ve got a short term support level to work with as well around 1.2960. If it breaks through 1.2960 it should have a clean run towards 1.2850.
Key Trade Day: Friday 10th Jan – CAD Employment Change & US NFP Employment Change
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