Price completed its higher low, bouncing off key level support / 61.8 fibonacci region & ascending trendline. Price currently making a bullish flag pattern, I will be watching for price to make a slight retracement to the red line (Buy region) for a rejection & break above the flag for confirmation of a new higher high to come in the upcoming weeks.
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Short term, price can reject & go lower from here
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Shorts closed, now watching for a reversal to go long
Important Dates on USD ,
NAFTA concludes in August CAD to gain?
Aug 24 First Chinese Import Goods Tariffs USD or CAD gain? Aussies will be bears on imposing
Sept 4 2nd Chinese Import Goods Tariffs USD or CAD gain? Aussies will be bears on imposing
Sep26 Fed Rate hike USD decline on December Doubtfulness? or rise?
Nov Month UC will be long. Iran Fresh Sanctions will hit CAD to loose and USD to gain? Looks Neutral until November. Breakout up possible in November.. IMO got a long in the spike down..
Profound_Ambition
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@USAS_INC, nice, you are really up to date with fundamentals
NAFTA concludes in August CAD to gain?
Aug 24 First Chinese Import Goods Tariffs USD or CAD gain? Aussies will be bears on imposing
Sept 4 2nd Chinese Import Goods Tariffs USD or CAD gain? Aussies will be bears on imposing
Sep26 Fed Rate hike USD decline on December Doubtfulness? or rise?
Nov Month UC will be long. Iran Fresh Sanctions will hit CAD to loose and USD to gain? Looks Neutral until November. Breakout up possible in November.. IMO