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USD/CAD Signal - 5 Year Note Auction - 27 Jul 2021

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Signal Details
Entry Price: 
1.2545
Take Profit: 
1.2610
Stop Loss: 
1.2500
Direction: 
Buy
How we trade
Average: 5 (1 vote)

USDCAD is at range support now prior to the USD 5 Year note auction that reveals the yield on the bill. Technically the pair is at range support, and we anticipate a bounce from support back to resistance.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.