Short USDCAD till next summer
2012-2017 uptrend support was broken early-September, and price retraced back to this line. Now the trendline is acting as a resistance, a strong reaction might be expected.
As far as BoC_ is hawkish and USD weakness persists (it seems so…), price_action aims at 1.06 level.
I wait for the reaction from 2012-2017 trendline to take short position at 1.22-1.23 band.
( Events related with NAFTA shall also be followed !!! )
As far as BoC_ is hawkish and USD weakness persists (it seems so…), price_action aims at 1.06 level.
I wait for the reaction from 2012-2017 trendline to take short position at 1.22-1.23 band.
( Events related with NAFTA shall also be followed !!! )
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.