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USDCAD Retesting resistance zone again | July 11, 2017



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Usdcad is again retesting its previous broken support level. Now this level at 1.2920 is turned into as resistance. So we can expect some rejection from that level. If we can get any bearish candle with selling pressure, then we will take sell entry. SL will be 40 pips, TP will be 50-100 pips. 

This pair is still on downward mode. So we need to keep in mind to look for sell on this pair. 1.2965 is another sell zone. I will look for sell setup from that level. So according to your strategy, you can also wait for sell confirmation. This pair can fall more.

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