USDCAD 19.07.2016

USDCAD 19.07.2016
19th July 2016 contacttf
The US Dollar v/s the Canadian Dollar is a popular currency pair due to the large amount of cross-border trading activity that takes place between The United States and Canada. The Canadian Dollar is often called 'The Loonie'.

I missed the first entry at 9.10am due to a late start.

The price rebounded nicely and I got back in. The trade was confirmed as it bounced off resistance, 3 times previously.

I was expecting 1.30020 and my target was set for this. My system [RSI Blue]  allowed me to close trade.

DEFINITION of 'USD/CAD (U.S. Dollar/Canadian Dollar)' The abbreviation for the U.S. dollar and Canadian dollar (USD/CAD) currency pair or cross. The currency pair tells the reader how many Canadian dollars (the quote currency) are needed to purchase one U.S. dollar (the base currency).

 

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