$USDCAD– range trading? | Marketfy

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$USDCAD– range trading?

By Pro Act Traders — Author

Currently we are 1.2878 in a large range. West Texas Intermediate is rallying and the USDX is correcting and the result is a chart that looks very close to the USDX (see graphic). We are looking to continue to the 0.500 Fibo @ 1.2840 and with a further target to the 0.618 Fibo @1.2751 area. The average daily true range (ATR) for the pair currently is 112 pips.

Posted to Introduction to Forex Targe… on May 11, 2016 — 8:05 AM

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{[comment.author.username]} {[comment.author.username]} — Marketfy Staff — Maven — Member

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By jennifer santiago — 3 years ago

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