USDCAD in strong S/R zone

Dolar A.S. / Dolar Kanada (FX_IDC:USDCAD)

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FX_IDC:USDCAD Dolar A.S. / Dolar Kanada

USDCAD CAD USD SELL LONG rally short

usdcad cad usd sell long rally short

The USDCAD -0.40% , like quite a few other currencies , is at a major zone of influence. Though the day chart shows an up trend, nothing is for certain. I am slightly biased toward the upside, however, there is high impact USD news tomorrow (today for some of you) and I will wait for it to react before making my move.

Good luck to all of you, may the trend be with you.

Komen:

USDCAD has clearly broken the support line and is heading down. The next support is at 1.30000. If it retests the previous (now) resistance, I will look for a clear signal to short it. Emphasis on CLEAR. :)

Komen:

USDCAD is approaching close to an S/R line, it looks like it could retest. It is a good opportunity to go short on a clear signal.

Komen:

My Initial thought was that CAD was going to retest its lows and I could catch a quick short. It didn't and has broken through resistance and seems to be potentially resuming its up trend. Will keep an eye open to see clear setups for a long play.

Cheers!

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