Usd/cad

fxstrategist

Active member
Apr 10, 2014
558
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#5
I like Predator's chart, but in order for the USDCAD to continue rallying, the US fundamentals would have to continue coming out better than expected and oil must keep dropping.
 

fxstrategist

Active member
Apr 10, 2014
558
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28
#6
Well, son far the 1.3300 level has proven to be a good resistance for the USDCAD. If the pair keeps retracing to the downside, then the 1.3200 could act as support.
 

tomorton

Well-known member
Feb 28, 2002
7,004
901
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62
Exeter
#7
Hoping to enter long now the extended uptrend has resumed. Didn't want to jump in at a possibly unsustainable high price on the back of the NFPRs but otherwise just waiting for an entry signal and then re-test of 29/09 high.
 

tomorton

Well-known member
Feb 28, 2002
7,004
901
173
62
Exeter
#8
PS. This pair currently best bullish opportunity on my watchlist. Only USD/ZAR if you ever get down to that level has as many bullish points, but I am already long here. USD/ZAR has already got back into its long-term uptrend and has already breached the 29/09 shared high. Maybe this highlights the way USD/CAD wants to follow?
 

fxstrategist

Active member
Apr 10, 2014
558
15
28
#10
The USDCAD is slowly retracing to the downside, the 1.3200 could act as support. The 1.3300 level could still be acting as a good resistance.
 

Fugazsy

Well-known member
Nov 10, 2014
3,661
677
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#11
seems like she is gently shifting towards support: Broken DTL, UTL and support of 3190 or otherwise she can go to revisit her recent high 3317...
 

Attachments

Sep 8, 2015
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#15
Right now, I can’t see the entrance for opening a deal on the asset, so I’ll wait until the price reaches one of the levels, and then I’ll make a decision. UASCAD.jpg