a break below here will unfold the move towards 1.2820 and 1.28, 1.25 is the extension there which will be unlocked once we see a break below the neckline. The 1.34 handle is there to be respected, RSI also looks to break below here to further activate the waterfall. Gl and please remember to give this idea a thumbs up!
Morning traders, Buying has begun like clockwork this morning. With the outlook of near-term USD strength and the risk of a setback in oil prices, we still risks skewed towards a higher usd/cad over the coming months. Aim for 1.35 in the month ahead, wishing you all a great holiday ahead. Please like and comment your ideas!
USDCAD is at pre-election lows. USD has appreciated against most other major currencies - except CAD. This needs to be corrected. There is much uncertainty regarding trade agreements between Canada and USA post-Trump. There is an increasing yield differential between US and Canadian rates. USDCAD is an attractive buy at these levels.
Hi traders, this is a kind of an update of my previous USDCAD post. Now the situation is a little bit different but my overall analysis remain the same. Recently we broke to the upside a strong level of resistance (black line); as soon as the price come back to retest that level it turned to support; nevertheless price didn't make any higher close and so we can ...