Next 3 incoming days is the time to watch Canada data.
Tomorrow, main focus is Ivey PMI, and Friday is unemployment report.
Like I said in the beginning of week, I continue to weight commodity currencies such Loonie and Aussie.
Last night, despite of neutral stance of RBA, and unchanged rate, Aussie, Loonie, and Kiwi were sold across the board especially vs greenback.
I think the key point is current level of commodity currencies is too high , very high and a correction is understandable.
23.6% Fib retracement is at 1.3300 : A psychic level. Loonie hasn't reached to this level yet. Current: 1.3170 strong resistance is at 1.3400 SMA200 is at there.
The most important thing is descending channel.
For 3 months, USDCAD reacted in this descending channel I draw on the chart.
And I see Loonie seems want to break this channel.
If USDCAD breaks this channel, marking a turning point and 1.3400 absolutely is next destination of Loonie, and it is my favorite.
My recommendattion: BUY USDCAD to 1.3400
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Please visit my website: www.trackingforexsignals.com
New Update: Version 1.2.1
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Tomorrow, main focus is Ivey PMI, and Friday is unemployment report.
Like I said in the beginning of week, I continue to weight commodity currencies such Loonie and Aussie.
Last night, despite of neutral stance of RBA, and unchanged rate, Aussie, Loonie, and Kiwi were sold across the board especially vs greenback.
I think the key point is current level of commodity currencies is too high , very high and a correction is understandable.
23.6% Fib retracement is at 1.3300 : A psychic level. Loonie hasn't reached to this level yet. Current: 1.3170 strong resistance is at 1.3400 SMA200 is at there.
The most important thing is descending channel.
For 3 months, USDCAD reacted in this descending channel I draw on the chart.
And I see Loonie seems want to break this channel.
If USDCAD breaks this channel, marking a turning point and 1.3400 absolutely is next destination of Loonie, and it is my favorite.
My recommendattion: BUY USDCAD to 1.3400
---------------------
FB-0.19% page: goo.gl/Rewx6G
Please visit my website: www.trackingforexsignals.com
New Update: Version 1.2.1
New Feature:
- New plan: FREE 1 Month. Hurry: 1 month is totally fee.
- More than 100 signal providers an more than 200 positions.
- New payment method: Bitcoin .
- Data Connection: Our unique feature.
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