amazing to see 3 pairs and usdollar all on support/resistance, watch for rebound or wait for breakout, no trend yet!!!!
The data came out today such as the GDP which exceeded expectation and the poor Canadian CPI pushed USDCAD spike higher through 1.035. However the breakout happened this morning certainly was supportive to the upward ...
Longer term bias is certainly a sell, I believe 1.05 is a good entry for a short position.
On the other hand, short term hourly chart shows consolidation as RSI lies between 40 and 60, a break and close ...
Bullish USD from Yellen, but bullish CAD from oil, hourly RSI above 60 which signals buying, but perhaps a safer pair to trade now is EU and UJ
given the short term outlook just turned bullish, long entered.
notice this support goes back to 2000, what more to say, up or down, big moves ahead, my moneys on the dollar because Japanese Yen looks like a bubble that is about to pop!