USDCAD 30min Analysis March 29th, 2020

Trade Scenario 1: Bullish - For us to go long we want to see price break above 1.2600. We will then wait for a retrace and for 1.2600 to act as support. We will then enter on strong bullish setups, first targeting previous highs around 1.2630

Trade Scenario 2: Bearish - For us to go short we want to see price fall below 1.2580. We will then wait for a retrace and for 1.2580 to act as resistance. Enter on strong bearish setups, first targeting our edge of value at 1.2550