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848evo
Mar 23, 2016 2:23 PM

[ANALYSIS] USDCAD Hard Push to the Upside Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD had a hard push to the upside mainly due to crude oil inventory news. It decisively pushed through both upper resistance levels with no retest of either. PA did not go down far enough to activate our trade, but I believe the trade is still valid is PA can break below 1.302. Will wait and see what happens. Staying neutral for now but with a sell stop still ready.

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