FUNTRADER-Vera
Short

0612 USDCAD: made it back to the top again

FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD , again, made it back to the top by its rate announcement yesterday .
This just happen to be a new reflection point on the channel and same high position as last one in June.
The double top looks great so far as long as no a new high to make in the coming few days.
Then will see USDCAD drop down to correct inside the channel first.
Once the channel is broken, will see it dig down lower support positions .


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should i buy or sell ..?
+2 Reply
FUNTRADER-Vera rohan4uverma
@rohan4uverma, this is a analysis , not for sell or buy on current position.
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FUNTRADER-Vera FUNTRADER-Vera
@FUNTRADER-Vera, plans to sell on the top and could try to buy once it make a new reflection point on bottom of the channel .
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