As title says !
USD will be regaining some strength after short relief stress that was cause by worse that excpected CPI data !
Area above is shorting area . Targets of your choice
Its now right time for USD weakness and JPY strength - both Technical and upcoming Macroeconomic calendar indicators confirm the idea of stronger JPY against a weaker USD.
More important is lack of Macroeconomic events atleast for upcoming 1 week , which usally corresponds to Lower demand in USD.
The Area above in RED is the BEST shorting area ! with low tight...
The pair have enough room to retreat to area between 1.3567 to 1.35280 that can be shorted if news analysis support the downside move
However upon touching the Area a long move is expected to 1.3750 level upside ! ( again if news analysis support and come inline with upmove )
watch out this week for
a-USD FEDs interest rate ( excepted not to raise rates )...
The Pair is trading along its limits waiting a move upward this week -
you can enter Buy upon break of falling trendline or if price retreated to the support level shown ( must be before the break of trend )
backup of idea : Please watch USD dollar news this week especially ISM manufaturing index ,interest rate decision and NFP payrolls which reflects to imminent...
USDCAD is on Clear Long BIAS
Target and stop loss is shown in the Chart. CAD buyers are all consumed and exhausted which clears an easy way to reach more bullish Targets in upcoming week
Hello
End of year Market conditions implies that neither the GBP nor the AUD will have the required catalyst to continue down this week to close the GAP ! so the expected move is Bullish to the Levels above.
Then and only Then from those level expect a move to the downside to close the GAP
