FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

Let's look at what the usd/cad is showing. The third day without the mandatory zone, yesterday and on Friday opened at the lower channel boundary, so why not go down for a correction, I'm even thinking about selling :). And this red scenario for today looks very good with a bounce from the day's balance at 1.3976. However, especially when thinking about selling, it is important to understand that this red scenario may temporarily turn blue and extend to the channel boundaries area at 1.4030. Not a great distance, but it's important to keep this move in mind when planning the trade.