USD/CAD: bounces to test s/t resistance

The USDCAD bounced back after it has failed to break below the June low at 1.0139 and now it is trapped in a narrow range just below the 1.0300 resistance. Since both 1d and 4h charts are showing a downward trend I’m looking for a signal to enter short.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: