SteynTrade

USDCAD The final push

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
With a strong NFP and week Canadian employment results price has broken the yearly PP. However, this is occurring on decreasing volumes showing that this is probably a temporary news based move. So with the final push higher we should be looking for volume to return, indicating sellers entering the market, to mark the start of the impulse move down.

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