The USDCAD Breaking Out Above 1.3000
U.S. Dollar/Canadian Dollar FX:USDCAD
Last post: March sixth. See chart.
Review: Price had broken through the daily 200sma but was faced with resistance at 1.3000.
Update: Price did a pop and drop above 1.3000, pulled back to the daily 200sma and since April, price has been bullish and has now broken March resistance.
Conclusion: Applying patience and waiting for the right opportunity to enter long trades with is also dependent on the DX!1.
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