USDCAD

The Oil price continues to take a battering and risk flows are seeing continued Dollar buying.

A slight dip in dollar strength first thing this morning has lead  to a bit of a pullback in the USDCAD. This should serve as a useful entry for the week.

The 1 hour chart looks constructive with the pair bouncing off the 100 SMA and steadily moving higher.

You could place this to end higher into the end of  the day as well,  but we are looking higher from this level in to the end of the week.

CALL- USDCAD at 1.1240 to end the week HIGHER.

Want to receive a notification each time we publish a trading idea? Read more about our free binary options signals and register your email now to receive instant notification of our alerts.