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Trader_Troy
Jan 22, 2017 12:42 AM

USD/CAD bullish weekly close, potential triple top Short

U.S. DOLLAR / CANADIAN DOLLARICE

Description

This chart is really interesting. USD/CAD faked out of this weekly trendline, with CAD weakening as BOC stated they are leaving the door open to near term rate cuts. This could see continued CAD weakness in the coming week and lead to prices testing the key 1.3580 level to the upside. Our overall bias is still short so we see a triple top forming at the .50 retracement, but this could present opportunities for intra-day buys.
Comments
ricardoc1231
agreed :)
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