The pair usdcad is playing out in the direction of my bullish bias, price bounces from a double bottom support level, and we currently have a buying pressure. I currently have a buy trade and watching closely for the next line action depending on the market reactions. My general bias for the usdcad pair is bullish, but if bears get stronger, I would stand aside and watch how things play out to determine further line of action.
Disclaimer: What I have shared above is not a financial or investment, it’s for educational purposes only, whatever trading decision you make is at your own risk.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
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