tdurai84

USDCAD WEEKLY OUTLOOK 6 -10 FEB 2017

FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Hi Everyone, Yesterday we got better than expected job numbers, but there is no sign of USD strength. Major pairs are in complex corrective pattern on lower time frames, that is the reason we got some weakness.

Coming week what we can expect means, first two days of trading dollar strength. Remaining days weakness we can expect.

Usd.Cad move to resistance zone 1.3115 - 1.3144 on first two days of trading. we can enter short on this levels. weekly close i am expecting near to the this week close.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.