Kain3e

USD/CAD AWAITING PULL BACK OVER BOUGHT

FX:USDCAD   U.S. Dollar / Canadian Dollar
USD/CAD has flew over 300+ pips over the past 2 weeks. I feel like the pair is over bought and it needs a pull back to the level of 1.33 or 1.32 the USD is very strong at this moment and time, it could have pull back to the zones of 1.33 and 1.32 but until 1.34 is broken with a clear bearish candle close bellow the zone it will show a clear selling opportunity until then I stay patient. 1.33 could be a smaller pull back and 1.32 could create a much bigger inverted Head & Shoulders once this happens I can see new highs at the zones of 1.35, 1.36, 1.37 and even the zones of the 1.38 to be hit potentially.

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Thank you, Kain3e