USDCAD Faking a Continuation Higher to Catch Buy Stops
We have been consolidating for about a month now with strong resistance at the 1.26000 key level.
My Ideas is a run to the bullish OB and rejection at this level once again to run out the equal lows beneath the start of this trend line.
Remember, USD Retail sales are coming out this week so stay alert.
I am not expecting much volatility today in anticipation of Tuesdays and Wednesday's news.
We also have CAD CPI on Wednesday which will also have an effect on price.
Let me know your thoughts in the comments below!
My Ideas is a run to the bullish OB and rejection at this level once again to run out the equal lows beneath the start of this trend line.
Remember, USD Retail sales are coming out this week so stay alert.
I am not expecting much volatility today in anticipation of Tuesdays and Wednesday's news.
We also have CAD CPI on Wednesday which will also have an effect on price.
Let me know your thoughts in the comments below!