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Analysis

USDCAD - We look to Sell at 1.3320

USDCAD - We look to Sell at 1.3320 (stop at 1.3360)

USDCAD - Posted mild net daily losses but all trading confined to the previous days range, an indecisive Inside Day. Spikes (rejections) can be seen in both directions highlighting indecision. Trades within an intraday channel formation - high 1.3326 low 1.3274. Bespoke resistance is located at 1.3326. Preferred trade is to sell into rallies. Our profit targets will be 1.3250 and 1.3226.

 

USDCAD Current Trading Positions

Sell 67%
Buy 33%
100.0%67.0%0657075808590951000
 
Avg Sell Price 1.3364
Avg Buy Price 1.3432
Liquidity Distribution
1.31001.33691.36801.31001.33691.3680SellBuy
 

 

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