USDCAD has moved from overbought and with the RSI now 66.6 and falling I expect more downside to come. Stellar CAD jobs numbers on Friday should help push this pair south until Wednesday when we get the expected FED rate hike and the key FOMC Statement and Economic Projections.
For now this pair is soft.
Trade idea.
SELL down to key support at 1.3389
LONG trades unattractive currently.
For now this pair is soft.
Trade idea.
SELL down to key support at 1.3389
LONG trades unattractive currently.
