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FX.co ★ USD / CAD: Sellers in business

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Forex Analysis:::2019-10-23T23:52:37

USD / CAD: Sellers in business

Good evening, dear traders. Today, there is a small recommendation on USD / CAD, and the decline of which is now very likely.

The thing is that yesterday's news from Canada caused a great reaction from the market, and in the end, we see that all the news impulses from the buyer were completely absorbed, and this is a harbinger of even a local, but decline.

Therefore, today, I recommend trying to work on the decline of USD / CAD currency pair with a take profit at around 1.3070. Moreover, the maximum point of yesterday's loss will be considered to be the maximum of yesterday's news - the level of 1.3121. If the price updates the maximum, the scenario can be considered completely canceled.

USD / CAD: Sellers in business

I wish you success in trading and huge profits!

Analyst InstaForex
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