Fundamentals:- the bar on interest rates changed slightly for the U.K. when another member of the MPC voted to hike rates; making the vote 3-0-6. Although we still don't expect a rate hike this year it does bring the tightening of monetary policy into a more realistic curve upward. This could bring the GBP back from its recent sell off against some of the weaker...
CAD is over-valued and last month's candlestick was bullish. Trade as follows: Buy: 1.274 Stop Loss: 1.269-Below December 21 lows Take Profit: 1.29-this week’s highs More from: forex.today Let me know what you think.
Theres a nice opportunity on selling UsdCad the upcoming week(s). The daily time frame shows there a bit more space left to the upside before it touches the restistance at 1.3575. You can sell it at CMP with a stop at 1.3620. Maybe add another sell position if it does touch the resistance. 1.33 would be the first target follower by 1.3180. Ultimately long term...