With OPEC still not being able to control global oil glut, and the Fed rate hike dust has already settled, it's more likely that CAD will continue be bearish while USD starts to recover a bit (relative to CAD at least). Setting up a buy stop order at prior periods S4 pivot line, with SL between current periods S3 & S4 pivot lines, with first TP near S2, and if tomorrow's news about USD building permits and CAD foreign security purchases go in our favor, or better, boost the bullish USDCAD idea, will add another position with TP near 3.
www.reuters.com...l-idUSKBN196031?il=0
www.livemint.com/Mon...s-bond-trimming.html
Daily:
Weekly:
Confidence: B (We'll see how tomorrow and next week's economic events drive this pair especially USD which is highly unpredictable lately thanks to Trump)
www.reuters.com...l-idUSKBN196031?il=0
www.livemint.com/Mon...s-bond-trimming.html
Daily:
Weekly:
Confidence: B (We'll see how tomorrow and next week's economic events drive this pair especially USD which is highly unpredictable lately thanks to Trump)