workingtraders

$USDCAD Resistance or support found?

FX:USDCAD   U.S. Dollar/Canadian Dollar
We will look into Important CAD data ( CPI             - June 19) tomorrow to decide direction. We are neutral right now on USD until further data supports more hawkish view point.

Oil             does look well supported. We may just chop here for the near future.
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Indeed, same view.
I think gold might outperform crude oil, in the dollar front and this would translate into aud and nzd (mostly aud) rallying vs gbp, eur and chf (and cad).
Not sure about usdcad or eurusd, and I'm thinking of going short GBPUSD.
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workingtraders IvanLabrie
Got a chart for the GBPUSD short idea?
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IvanLabrie PRO workingtraders
GBPUSD: Exhuberant rally into monthly resistance
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