The USDCAD has been fairly volatile lately. The pair tends to run up and test the 1.3000 figure but has difficulty so far remaining above it for long.
As the North American session got underway today, the pair made a third lower high for the day, and a short was taken risking 19 pips for a potential 86 pips to our daily target at 1.2891.
The pair made its way lower but had difficulty near the 1.2925 technical level from the 1 hour chart. Allowing the trade to remain open for 30 minutes after the U.K. close yielded a few more pips. The pair can be active throughout the North American session but it makes for a long trading day.
Congratulations to Nick who traded successfully for a combined total of just over 100 pips today, trading the GBPUSD, EURUSD and USDCAD. One hundred pips of profit on any day is something to celebrate. Awesome trading Nick!
Good luck everyone with your trading!
