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CAD/USD Medium-Term Analysis: Weekly Market Analysis

Short
FX_IDC:CADUSD   Canadian Dollar / U.S. Dollar
This is the second analysis on this series of majors against the U.S. Dollar (USD). In the previous post we analysed the Chinese Yuan Renminbi ( CNY ) against the USD; now we're taking a look at the Canadian Dollar (CAD) against the USD. The CAD is second in our ranking of currencies in relation to the 'Rate Of Change' ( ROC ) with the U.S. Dollar as quote currency. With over 2% appreciation in the last quarter ( ROC , 15, W), with technicals indicating the nearing of supply zones, we'll be tracking the CAD for countertrend shorting opportunities in the short-term, and longing pullback opportunities in the medium-term, as it approaches previous key levels of demand.

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An amazing week for all of you and until the next post! :)

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