Currently, USD/CAD is trading at 1.3160. The pair is trading in a side ways trend after rebounding from its resistance level, It can move in either ways UP or DOWN. So, accordingly plotted entry levels and target prices. If the price breaks resistance level at 1.3179 it can move upward and hit the up target at 1.3242. If price breaks support level at 1.3128 it can move downward and hit down target at 1.3055.
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
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