Bullish – looking for the base to confirm today.
Have been talking about buying this dip in USDCAD and there is some risk that the
low is now in. The break through the pivot at 1.39215 was important this morning,
so confirmation and a hold of this break here will be resolutely bullish.
Long and bullish USDCAD, looking for a challenge of the 1.4000 April 12 highs and
the channel resistance at 1.4010/15. Above there on a consistent closing basis there
is room for significant gains, 1.40865 the intraday pivot first.
Have been talking about buying this dip in USDCAD and there is some risk that the
low is now in. The break through the pivot at 1.39215 was important this morning,
so confirmation and a hold of this break here will be resolutely bullish.
Long and bullish USDCAD, looking for a challenge of the 1.4000 April 12 highs and
the channel resistance at 1.4010/15. Above there on a consistent closing basis there
is room for significant gains, 1.40865 the intraday pivot first.