i have this on watch on my daily and 240 minute charts and as soon as i get the signaal buying this pair think your 200 bp target will be exceeded, it maybe a dare devil counter trend trade but rate cut out the way running into the monthly support area and supported with divergence , strap yourself in boys !! enjoy the ride
USDCAD might give a great short soon too, I think the market will wait for Yellen news to give us the short USD we want there.
USDCAD can rally for a month straight, maybe even two.
simple - the price hit this area 17th time in the past - now it is about 18th, if there is no human error. and how many times the price went up? creating tails. Of course, nothing is 100% in trading, sir - higher posibility for me, especially monthly - Thanks for your interests -