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Trader Journals:::2026-05-13T03:44:38

USD/CAD

USD/CAD, Wednesday, May 13, 2026

USD/CAD

The strengthening of the USD Index on Tuesday managed to record a positive daily trend as expected, rising above the higher area of 1.37088. This morning, on the H4 timeframe, a candle is seen swinging at the price level of 1.36936, being held back by the orange EMA200 line above the intersection area of the purple EMA50 and blue EMA21 lines. Meanwhile, the CCI14 indicator appears to be starting to move downwards from the neutral zero line. In general, the choice of trading BUY USDCAD for today is still a profitable option, by placing a stop loss at the lower area of 1.36300 and a take profit target at the nice resistance area of 1.37700.
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