Seeing a nice little bull run recently in the cable we're starting to see buyers take a break (short term in my opinion) and sellers come back in. I'm expecting the pair to range from 1.4300 to 1.3750 areas. For now, this week I will be looking for shorts on the lower time frames such as 4H and 1H as price comes up to retest last weeks breakout.
After a long sell off lasting a few months on UJ, we've seen price hit a nice area of support... I'm expecting to see some sellers taking break and buyers coming back into the market.
After seeing the pair break neckline last week with the CAD strength and USD under pressure, I believe we can see a steady 50% retrecement before another sell off comes into play.
