Anyone watching the USD/CAD pair?

This has been trending up nicely for over 6 months now.
It has recently pulled back to its 365 day moving average.
Is anyone loading up at these levels?
I am going to wait and let it test these levels before I go long.

I had stopped watching it a month or so ago. Just as long the daily and 4HR is above 200EMA, go for it. I typically buy on pullbacks. All my indicators show long the USDCAD.

yep I have been, but i dont know how much that counts for anything haha Good luck trading it, ill be with ya if u are.

This is one of the back up pairs that I watch when my primary pair (GBP/USD) is driving me nuts with ranging! *LOL* I was looking at a possible LONG position at the 1.1550 level based on my charts.

i may actually try to short this (on a daily chart) if it bounces no higher than 1.1750 (relative to today's price action).for now i'm going to wait and see.

just my cents on USD/CAD - from a short-term perspective. See chart below.

Regards,

Dave

good thing the price action never setup to justify getting short.this thing is cracking higher.

i'm on the sidelines with this one until i get a clearer indication of what to do next.if it has a healthy retrace but doesn't break lower than 1.1550 i'd consider getting long.

ya usdcad is interesting i will continue being a dip buyer

revoke