I don't highlight anything new on these charts, but it really looks like USD/CAD has got some upside. With NFP coming friday and Canada's employment data, we're in for a great show. I haven't made my decision on whether I enter this market before NFP or not (I'll comment if I do).
Only technical risk associated with this trade: RSI(14) on the daily does not show an uptrend like price action does. In fact, it shows divergence. It can be somewhat worrying but for now, like I said, I haven't wrapped my head around my timing for this trade.
Happy trading & investing.
Only technical risk associated with this trade: RSI(14) on the daily does not show an uptrend like price action does. In fact, it shows divergence. It can be somewhat worrying but for now, like I said, I haven't wrapped my head around my timing for this trade.
Happy trading & investing.