Good morning traders. We are entering day by day in to the summer trading environment where liquidity is starting to be limited. Stocks are still sideways in US except Nasdaq and DAX which made a nice move lower last week. Todays calendar starts with BOE Carney soon and US ISM employment numbers later. Let's start with USDCAD. USDCAD is now trading in a correction of a lower degree, specifically in wave iv with a potential turning point lower around the 1.3042 level. Ideally we will see a new breach lower from the mentioned region.
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