Intraday Elliottwave Analysis: USDCAD, neutral in the range

USDCAD failed to close above 1.2820 yesterday, but do have some upside movement in Asia market.

Short term turned neutral. The data of CPI and Retail Sales will drive it today.

We'll look to trade some short term extremes.

Daily support      Levels: 1.2812 1.2796 1.2785 1.2769 1.2748 1.2736 1.2703

Daily resistance Levels: 1.2837 1.2852 1.2872 1.2887 1.2907

 

Intraday Trade Idea:

Sell Latentinterest Order:  1.2907

Buy Latentinterest Order:  1.2703

usdcad chart


 

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Views are my own, not trading recommendations.