$USDCAD - Forex technical trade note

$USDCAD - Forex technical trade note

4 April 2018 / JSE Market Updates / Research Notes Posted by: Barry Dumas

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I am looking to place a short trade on the USD/CAD as I have spotted a Head and Shoulders technical pattern on the currency pair. Also keep an eye on the Dollar as it will be a factor when trading this pair.

Trade summary detailed below...

Trade: USD/CAD

Entry (Sell): 1.2770
Stop loss: 1.2944 above the right shoulder
Target price 1: 1.2671
Target price 2: 1.2509

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