UCAD is in a key zone. Look for a long position on proper reversal indicators. Price could push down once more to the 1.336 zone before reversing due to previous price action. Price has been respecting the 5min 50EMA on the sell, therefore wait for confirmation of buy with a strong impulse and correction. TP1=1.344; TP2=1.347
Comment:
Price never gave us that strong impulse and correction for the buy. Instead it pushed down to the 1.330 zone during NFP and also broke the bottom of the ascending channel. If price plays out with a bearish flag, we will continue to sell to the 1.315 zone.