USDCAD Potential Long Predicated on Non-Farm Release
Jan 4 2017:
Expect major resistance at 1.3300 prior to Non-Farm. Prediction on favorable USD news is slow consolidation towards Friday news, with slight upward trend. Towards release, large bear wicks should form, prior to the main push up toward 1.3400. Be aware that aggressive bear wicks will stop out many buyers who get in too early.
Expect major resistance at 1.3300 prior to Non-Farm. Prediction on favorable USD news is slow consolidation towards Friday news, with slight upward trend. Towards release, large bear wicks should form, prior to the main push up toward 1.3400. Be aware that aggressive bear wicks will stop out many buyers who get in too early.
