[Hassam]

USDCAD is a commodity currency. USDCAD is a good pair for day trading as well as swing trading. Just keep this in mind that a 1 pip on USDCAD is around $7 whereas 1 pip on EURUSD, GBPUSD, AUDUSD and NZDUSD is $10. So when you make 100 pips on USDCAD you will be making less as compared to EURUSD. USDCAD is highly volatile and many day traders fail to completely master its moves which make USDCAD trading challenging for most day traders. Take a look at the following USDCAD H4 chart:

Now you can see two good swing trading opportunities in the above chart. First USDCAD rallied for many days. You could have profited from it. After that it started falling like a stone and you could again profit from it. USDCAD is notorious for showing erratic behavior. You need to be aware of this fact. USDCAD can give good swing trades if you can understand its erratic behavior.