With USD still being fairly bullish at the moment including Latest NFP coming out quiet good and GDP coming out on Friday (29/07/16) predicted to be positive, right now seems the Sentiment on USD is strongly bullish. While the CAD has had some positive fundamental support it has been no match for the USD as Oil prices seem to give out some form of indecision/weakness in the Canadian Dollar.
As I'm posting this my trade is currently running at just under 80pips profit. It was a nice break of that resistance at the 1.314 region. Which I am expecting to become a good support level in case of a reversal.
So far I will stay bullish on this pair unless confluences build up against my bias and fundamentals no longer support my trade idea.
As I'm posting this my trade is currently running at just under 80pips profit. It was a nice break of that resistance at the 1.314 region. Which I am expecting to become a good support level in case of a reversal.
So far I will stay bullish on this pair unless confluences build up against my bias and fundamentals no longer support my trade idea.