buy @1.44818 Nice weekly support (red line) protecting us from lower prices.
buy @ 0.99618 I don't think this XA leg is very clear cut but I will use this pattern to enter into a trend-continuation trade. Also this pattern allows me to put stops below the 0.9983 weekly major support line as well as below the previous highs that repeatedly bounced off 0.9940-60.
Fundamentals: - Mixed data from Canada last week with a tick up in unemployment and worse than expected employment change. However the rally in Oil did help the Canadian strengthen for a period of time last week. I don’t think the Canadian can maintain a positive rally, once the data starts to be absorbed by the market we should see this pair return to the upside...
Learn 2 trade like a pro - boafx.com - We are looking at taking a tecnical long in the fundamental direction for the GBP/CAD. The canadian dollar is weaker than the GBP at the moment and especially now that Oil has dropped back below the 44$pb handle. I expect to see weakness in the Canadian across the board.