Now let's look at the Canadian Dollar 4-hr chart. The USD has finally pushed back against the seemingly unstoppable Canadian currency. Philadelphia Fed figures came out earlier and were actually quite good. So now we see USD/CAD testing both the downtrend and Fibonacci lines top I have drawn in.
I would prefer to wait, at the moment, and see if it actually goes up to 0.9830 or so in a slide upwards leading into tomorrow morning's TIC data at 9:00am EST before going short. If someone is planning on getting in before the release a quick scalp at 0.9826 might be a viable play for 15 pips.
Time to just wait and see.
I would prefer to wait, at the moment, and see if it actually goes up to 0.9830 or so in a slide upwards leading into tomorrow morning's TIC data at 9:00am EST before going short. If someone is planning on getting in before the release a quick scalp at 0.9826 might be a viable play for 15 pips.
Time to just wait and see.
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