hopscotch
Short

September Canadian Dollar Channel

CME:6CU2018   CANADIAN DOLLAR FUTURES (SEP 2018)
CAD is a trapped in a three drives downward channel . RSI is really close so either we will get a breach of the channel above pivot , or another lower run below pivot to S1 at .75111
Comment: CAD starting to rise out of channel. Above the 20 day MA. Target R1 at .77510
Comment: CAD reaching new heights half way to .77510
Comment: CAD continues to edge up. First target still remains .77510

Comments

Is there any opportunity back to below .76, your thoughts
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hopscotch Pandorra
@Pandorra, We are getting smaller and smaller dojis so it might fail before R1. Initially I have it going to R2 before fail. The US dollar is starting to go up again, so we might have a fail tomorrow or Friday.
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Pandorra hopscotch
@hopscotch, mid-June falling was from .773 in Sept (.7712 in cont). As for me currently this level looks like a resistance and no way out above.
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Pandorra hopscotch
@hopscotch, probably a bit more wide flagging I guess
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