USD/CAD has no clear pattern or trend to trade

Jason Sen DayTradeIdeas.co.uk

EUR/USD – USD/CAD

EURUSD beat 1.1790/1.1800 for a buy signal targeting 1.1826/31, 1.1860/65 & perhaps as far as 1.1900/10.

USDCAD has no clear pattern or trend to trade. We topped 7 pips from first resistance at 1.3210/20 & are just breaking below last week's low at 1.3095 which is obviously negative for today.

Daily Analysis

EURUSD hit the next target of 1.1826/31 as we look for 1.1860/65 & perhaps as far as 1.1900/10.

A buying opportunity at 1.1805/1.1795 with stops below 1.1770.

USDCAD breaks the low last week at 1.3110/00 targeting 1.3030/40, perhaps as far as 1.3000/1.3090.

Bulls obviously need the pair above 1.3100 to get back in the game initially targeting 1.3130/40 with strong resistance at 1.3160/80.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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