DWoodz

Temporary bullish pressure on UCAD

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Ultimately I see UCAD going down but in order for them to continue with the pressure down I feel they need to grab some liquidity first. Im looking for them to push up and grab that first before continuing down strong. It seems it hit a area of support then broke short term structure going down. If it holds here I'm looking for it to push up for the next 2-3 days. Find resistance then start to push down later this week. Im watching news to see if there will be something that pushes it on into position. Sitting on my hands waiting for more confirmation.
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