Canadian dollar should have moved up on gap down on USD, but pressure on CAD has left it stagnate. The H&S called for in Dec contract on USD appears to be delivering. Neckline at 92.58. Looking for a double bottom at 91.50. CAD ??? We may conclude that a bullish flat was created today on CAD. What overnight will bring we will see tomorrow.
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USD is at neckline. Will this produce a larger fall? CAD up and nearing R3. Next week new pivots will show a higher pivot point and R3 will also be higher giving CAD more breathing room.
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USD falls as CAD rises. USD headed for 92 and CAD for 80.
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CAD made a shooting star doji at the end of day. USD fell and climbed back a bit. There maybe an upswing to USD changing the course of CAD. Need confirmation.
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Canadian dollar up again as USD slows down. A turn is coming for CAD. Target .80410
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CAD coming to an end for upside. USD going horizontal and nearing double bottom.
March nearing R2 and RSI tapping out.
March nearing R2 and RSI tapping out.
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Canadian dollar making a surge to double top as USD continues to fall. USD may go to 79 the way it is looking. CAD may trade between .79795 and .81250 on the March contract.
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Feb CAD gap up and heading for double top. March not much to report. USD leader.