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February, 7 - stay away from USD/CAD! VERY VOLATILE!

Even though we have already paid extra attention to this matter in the morning, it is worth noting, that USD/CAD couple becomes more and more dangerous for us as traders.

 

In these several hours USD/CAD has risen to the highest point since the beginning of December, but has promptly fallen down due to declines in USD performance. Surely, this kind of volatility is not something we need right now, so I advise you to stay away from the couple or at least be very careful trading it.

 

usdcad 7.02.2020 1

 

And remember – we still have employment reports ahead of us. During their issuing the couple might go even crazier!

 

Use trading signals to know all the movements of the couple.

 

 

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