TimStuyts

USDCAD reached projected possible top!

FX:USDCAD   U.S. Dollar/Canadian Dollar
86 0 1
We saw the USDCAD             test the level I mentioned last week. See link below:

USDCAD extending but the short will follow soon


At the moment we see another consolidation by means of a Bull flag . A test of the rising non-horizontal trend line followed by a break higher indicates more bullish price action to expect. This is very possible since I expect Oil             to test at least 25. The question is whether we see a correction first or whether price moves into that direction by means of this current trend.

If we see a clear break below the rising black non-horizontal trend line I will wait for a consolidation and continuation lower for a sell.

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