USD/CAD potential bullish action...
After monitoring the USD over the past few days we can see a final clear direction for many instruments as they pave the way to show the trends heading into this first quarterly year end.
USD/CAD here is look relatively strong overall with 1.3100 being a clear target to the upside over the coming weeks. As it stands on the daily and above the price action is showing strength around the moving averages and there is a strong Fibonacci setup on the monthly with 1.3100 being an extension confluence.
We will update this pair next week to see how it has performed.
USD/CAD here is look relatively strong overall with 1.3100 being a clear target to the upside over the coming weeks. As it stands on the daily and above the price action is showing strength around the moving averages and there is a strong Fibonacci setup on the monthly with 1.3100 being an extension confluence.
We will update this pair next week to see how it has performed.
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