USDCAD : rejected twice from 100 DMA, downward pressure resume
USDCAD seems to print another lower leg of already started bearish trend. Recent big candle of 30 Oct, when BOC mentioned the further
monitory stimulus for the economy. Follow through seems absent there. Inversely sellers get the control after NFP release. From analytical point of few
we see more parameters in-side of bearish bias than that of bullish.
Out Last Short Selling on USDCAD was almost 140 pips profit. We closed position, so that we may not turn out profits into losses as mentioned in earlier note on USDCAD.
We sold at 1.3221 and booked profit 1.3078.
monitory stimulus for the economy. Follow through seems absent there. Inversely sellers get the control after NFP release. From analytical point of few
we see more parameters in-side of bearish bias than that of bullish.
Out Last Short Selling on USDCAD was almost 140 pips profit. We closed position, so that we may not turn out profits into losses as mentioned in earlier note on USDCAD.
We sold at 1.3221 and booked profit 1.3078.
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