Majority of FX cross pairs have similar formations - but especially w/ CAD pairs the levels are very clear - Watching CADCHF closely as we open this week at the top of last weeks range and at the highs of last month - EURCAD held the neckline break & we saw nice follow through last week so lets see if a similar move plays out on the CADCHF - Use overnight lows as bias levels - CADJPY is also starting the month near major resistance w/ nice lower ~TF buildup forming - a break higher should get follow through as we slowly test possibility of moving back to the highs. USDCAD is testing neckline of a possible H&S formation which is part of a larger buildup - so depending on how DXY plays out - this should break soon.
Watching how it plays out!!
Watching how it plays out!!
