jamison_fx

USDCAD SETTING UP FOR POTENTIAL LONGS

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
I made a post yesterday expecting USDCAD strength and wanted to clarify my view. My bias is long from highlighted region but I do expect price to make a drive down to at lest the highlighted blue level. We have seen two bullish moves from around the zone so far showing that price is slowing down and has the potential to push back up but this isn't going to happen straight away with the US dollar been very weak. I will be waiting for a move possibly next week. Price also has the tendency to make a final push before the big move so we may even see a pin bar below the highlighted level just to take out and people trying to buy to early.

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