FX.co ★ Loonie's targets

Good day, dear traders. I present to your attention, a trading idea for USD/CAD.

After lowering the interest rate on Wednesday, the USD/CAD pair has formed three targets for sales using the "stop hunting" method.

The first goal is the lowest correction after the CAD rate at the level of 1.33800.

The second is the lows of March 2 and 3 at the round level of 1.33:

We are expecting the price to pass the second goal up to 1000 p, where after a true breakdown of the first level, I recommend that you transfer your deals to "breakeven".

The cancellation of the short scenario will occur if yesterday's high is broken.

Good luck in trading and control your risks!