USDCAD retested the support level of 1.34860

#usdoller #USDollarWarning #CryptoMarketMoves #Marketsentimentstoday #MarketExperts

General outlook

USDCAD has been trading in a bullish trend within the last day.

Possible scenario : The best way to use this opportunity is to place a Buy order at 1.35040.

Set your stop loss at 1.34828 below the previous low ($1.57 loss for 0.01 lot) and take profit at 1.35253 ($1.57 profit for 0.01 lot).

The risk-reward ratio for this order is 1:1.

The upcoming news will not influence your orders within the mentioned period. Some traders may close their positions on Friday, which can add more pressure to the market.