FX_IDC:USDCAD   US DOLLAR / CANADIAN DOLLAR
1441 12 30
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finally!!!! :)
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Strategist at TD Securities see the pair keeping the recent trading range ahead in the week.
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Key Quotes
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- “There is not a whole lot going on USDCAD in the overnight session and we do not expect today be very active, if, much at all”.
- “The 1.31/32 region looks to be the near-term consolidation range established through last week, and despite a brief collapse to 1.3049 on Friday following the payrolls volatility, we think the range will hold”.
- “There are not many event risks this week with housing starts and manufacturing sales the major economic releases in Canada”.
- “In the US, retail sales and industrial production on Thursday and Friday respectively will be the focal data releases. So, all in all, there is not much of a catalyst for USDCAD to breach the range noted above”.
+1 Reply
Still valid this setup?
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UPDATE: If you're "short", put your stop loss on BE, happy trading!
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People have to remember that the trend and fundamentally drives price action searching for speculative tops and bottoms is risky business, so trade depending on your risk profile and cowboys should never cry, again appreciate your analysis always outlining different options giving short term scalpers and longer term traders options , keep it up
+3 Reply
SignalSwiss TOP MarkLangley
Hi Mark, as always your comments are much appreciated, thanks for your constant contribution, good trading! :)
+1 Reply
I think there is some more room for the further move up (like 1.32+) prior to the falling wedge. 1 and 4 hrs charts are more clear. What happens now seems to be a smaller correction before last jump. Fully agree it may fall to 1.27 zone then.
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SignalSwiss TOP oleg.golubovich
we belive only pullback, prior trend remain bullish (fundamental)
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