USDCAD managed to break the medium term trendline that acted as a springboard from October. As long as we get a close below the trendline we target previous swing lows at the 1.3379 area and then support at 1.3300-1.3266 area. Please have a look at the related idea for a longer term possible outlook. A close above the downward sloping trendline means trouble for shorts
Komentar:
Inside day formed yesterday. A break below yesterday's low or above yesterday's high should see some follow through for a day trade. Longer term levels are the trend line above and swing lows coming in at 1.3266
Komentar:
Broke Inside Day lows
Komentar:
USDCAD coming into area of support. Should be stops below 1.3265 (previous swing low)
Trading ditutup: target tercapai:
Pre-NFP target hit
Komentar:
PA slowed down right inside the area of support. A clean break lower should target the lower bound of the channel
Komentar:
USDCAD tagged lower bound of the channel as discussed and bounced into previous support area(now resistance area)
