Hello Guys, Hope you have enjoyed previous profitable trades/
Here i have another potential trade idea: USD/CAD is trading just below a strong resistance level of 1.3095 and consolidates in a trading range of 1.3120 – 1.3070 as we can see in the trading chart given below.

Fundamentals:
CAD: Overnight Rate

Previous: 0.50%
Forecast: 0.50%

I am expecting that bank of Canada will keep the overnight rate unchanged, especially after betterment in Oil market. Here, unchanged rate is likely to make CAD bullish & ultimately bearish currency pair.

Technical Levels:

R3: 1.3097
R2: 1.3092
R1: 1.3089
Pivot Point: 1.3083
S1: 1.3078
S2: 1.3075
S3: 1.3069

Recommendation:
Good to Sell Below 1.3100
SL: 1.3135
TP: 1.3075
2nd TP: 1.3055

Scalp USDCAD

2 thoughts on “SCALP ALERT USDCAD – Trade CAD Overnight Rate”

  1. Twood Males says:

    wow thanks for always coming up with best trades and tips

    1. Many Thanks Twood, i really appreciate your feedback.

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