USDCAD
https://s3.amazonaws.com/tradingview/snapshots/h/hHEKVzcZ.png
USDCAD may find a support between 1.24 and 1.25
USDCAD may find a support between 1.24 and 1.25
Note
without indicators s3.amazonaws.com/tradingview/snapshots/h/hHEKVzcZ.png
Note
Fed made a decision to keep the int rates at 1.25% unchanged. Now USDCAD is perfectly in the range of 1.24 ~ 1.25. Technically, this pair would need a pullback to make a room to resume the down trend. The next FOMC meeting will be held in the middle of September. Happy trading!s3.amazonaws.com/tradingview/snapshots/t/TnLchguQ.png
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A nice V turn happened around 1.24. Expect to see 1.29 before this pair heading down. s3.amazonaws.com/tradingview/snapshots/9/9iggNl58.png
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The central bankers' meeting did lift UCAD, but didn't last too long. The pair got rejected @ 1.2778. The support lever 1.24 ~ 1.25 failed. Keep an eye on this pair between Sep 8th and Sep 21st. It could test 1.26xx again. s3.amazonaws.com/tradingview/snapshots/e/ERZZQtsv.png
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Bank of Canada increased the prime rate from 0.75% to 1%. It looks like this pair could test 1.19 which was seen in May, 2015. Yet, 1.26xx would still be possible. s3.amazonaws.com/tradingview/snapshots/g/gXAiAbiK.png
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