With USD still being fairly bullish
at the moment including Latest NFP coming out quiet good and GDP coming out on Friday (29/07/16) predicted to be positive, right now seems the Sentiment on USD is strongly bullish
. While the CAD has had some positive fundamental support it has been no match for the USD as Oil
prices seem to give out some form of indecision/weakness in the Canadian Dollar
As I'm posting this my trade is currently running at just under 80pips profit. It was a nice break of that resistance at the 1.314 region. Which I am expecting to become a good support level
in case of a reversal.
So far I will stay bullish
on this pair unless confluences build up against my bias and fundamentals no longer support my trade idea.