Elliottwave Analysis: USDCAD, buy at 1.3170
|USDCAD consolidated in a narrow range.
According to Algo Trader System, both short term and long term trend point up, price also close above upper bands on H4 timeframe.
It should be a potential medium term buy signal.
On daily chart, price already break out the long term downtrend line.
We'll try a tactical long here, add when medium term trend point up.
Daily support levels: 1.3163 1.3132 1.3107
Daily resistance levels: 1.3223 1.3250 1.3278
USDCAD Trade Idea: (Spot 1.3210)
Buy Limit @ 1.3170 SL 1.3100 Take Profit @ 1.3405
Intraday Trade Idea:
Sell Latentinterest Order: 1.3316
Buy Latentinterest Order: 1.3132
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