The USDCAD moved higher early in the U.S. session overlap but could not close above yesterday’s low. A short was taken risking 18 pips for a potential 62 pips to our daily target at 1.2532.
Price moved lower testing and retesting its Asian session low, down to its daily low and further toward our target. The trade was closed at the U.K. close.
On Friday there is lots of economic releases pending. Be careful trading around the volatility.
Good luck with your trading!
