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USD/CAD long for 1.2600

Traders are long at 1.2415 with expectation a move through 1.2600 Layers of support have formed between 1.2353/1.2388; Feb 3/26 lows A daily close below 1.2286 will suspend 1.2286 - 23.6% retrace of the 1.0620 to 1.2800 …

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USD/CAD long for 1.2600
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  • Traders are long at 1.2415 with expectation a move through 1.2600

  • Layers of support have formed between 1.2353/1.2388; Feb 3/26 lows

  • A daily close below 1.2286 will suspend

  • 1.2286 - 23.6% retrace of the 1.0620 to 1.2800 up-leg 

 

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