USDCAD likely to continue rising toward 1.28700
On a weekly perspective, I expect price to continue toward the 1.28745 area. My long term bias for the pair is currently a long, with news on the CAD today, I'm seeing further rise made.
Based on the current view of the daily chart, I see a shift away from the current low of the year, based on the cycle I expect a 4th day of unidirectional swing. I've marked some areas of interest to possibly capitalize on following the structure in the direction of this week's trend. I just have to wait until the end of London session going into NY session to see how to apply execution according to my trading plan
Based on the current view of the daily chart, I see a shift away from the current low of the year, based on the cycle I expect a 4th day of unidirectional swing. I've marked some areas of interest to possibly capitalize on following the structure in the direction of this week's trend. I just have to wait until the end of London session going into NY session to see how to apply execution according to my trading plan
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