Since price is pushing down to form the weekly liquidity wick, i'll be looking to grab a quick scalp in the process. Once price gets to 1.34000, i'll be looking to get buys back up as the overall momentum is still bullish.
undamental analysis is indication a strong bias
to the Canadian dollar strengthening and the
US dollar losing strength, indication a possible
short of USDCAD . Looking for the retracement of this strong bullish movement this week.
NFP and CAD employment rates
This pair has been trapped within a large complex correction between 1.38 and 1.20.
This move down started for the top could breakdown support soon to pass all the way down into 1.20 area to tag former valley.
Then another seesaw move before the final drop occurs.