USDCAD

Chart courtesy of Advanced Get. Data provided by eSignal.

The USDCAD is now around a support area on a daily chart and a good FIGURE. This could be a reversal point so before entering look for a reversal candle or some confluenceof events. This type of trade should be considered aggressive so if your profile is conservative then this would not be the kind of trade for you. For the aggressive trades out there, look for a tight stop and use fib levels for potential profits on smaller time frames.

Good luck today.