OK I know, you know, we all know..... The recent economy reports from the Canada just does not look handsome at all and we are all awaiting for December fed meeting for a USD hike rate ya? Right fundamentally this should give strength to the greenback to break up with a new wave up, but until that gentle upward slopping channel is broken, this pair is definitely not ready to party yet. Lets just standby for this pair first.
Comment:
Upper channel resistance still holding it in...
Trade active:
Wow close to springing out, Keep a close watch !!!
Comment:
I am not very excited on this pair yet. It breaks above my green upward slopping resistant but you can see the way it breaks seem hesitant and like a hermit. i say this pair is not going to move much until some action is seen....
Comment:
A few bullish candlestick above the upper green line signal a new wave up, i will consider buying on any dips from here onwards (Best to buy whenever the price retrace to the green upward slopping line)