docibby

USDCAD - bias short, but wait.

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
We had a massive break below the uprising channel on high volume, but price is currently moving higher. I see this as a possible stop hunt move, kicking out early sellers. Look at DXY ( US Dollar Index ) and USOIL for further clues. A move up to horizontal resistance areas shown on chart might be possible.
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