Hammer on USDCAD
2019-11-22 17:13:01
As expected and outlines in the previous USDCAD trading idea, the pair has found support in the 200-DMA, which launched the pair higher this morning. This resulted in the creation of a hammer candlestick pattern, signaling resolve of the bulls to take the price higher. A zone around the $1.3340 remains the first target for the bulls.