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Tuesday, July 18, 2017

USD/CAD: SLOWLY BUT SURE

The market seems a little bit quiet. Low volatile but technically USD/CAD is still going to continue its bearish trend. 

1.26361 will be pivot level for the moment, and we are expecting to see USD/CAD to move in the yellow zone for the next 6 hours. 

There is short position opportunity during the quiet moment. And we are looking forward to exiting the market at around 1.26144.


Shall USD/CAD reaches 1.26739, the bearish trend scenario will be canceled for today. 

In this case, we will try to exit the market as soon as possible.