Pair USDCAD again approached the descending channel support line and is in the level of 1.31000 area. The threat from the United States to impose sanctions against Iran, and Saudi Arabia in early November may lead to an increase in oil prices, which in turn will boost the CAD.
USDCAD recommendations: Open a deal on the sale of a Sell USDCAD levels: 1.31000 - 1.31250.
Stop / Loss: 1,31570.
Take / Profit: 1,30300 - 1,29600.
Author: Michael Katchura Grand Capital