USDCAD TRADE IDEA 07 SEPTEMBER 2018
GJ is perfectly has settled up for a short upto 142-143 are, if we get a breakout after reaching the prescribed lows if could be bullish for mid term after completion of the short cycle
We saw a good decline last week after the pair hitting up a major resistance zone, the price is now approaching 61.8fib ratio level, where we also see a demand zone formed up, while we still see this pair in the mid long range , while we see a bullish flag on Daily and Weekly, I still expect this pair to break the roof, and should be making new high in long term ,...
WITH TECHNICAL ALIGNING FOR A LONG TRADE, EVEN FUNDAMENTALS SUPPORTS THE SAME IDEA, WITH AUD MEETING MINUTES, AND FOLLOWED BY BOC INTEREST RATE AND STATEMENT , I SEE THIS PAIR SHOOTING UP.