Intraday Elliottwave Analysis: USDCAD, neutral in the range

Yue Wang LinoCapital

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

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Author

Yue Wang

LinoCapital

Master's Degree in Hepatobiliary Surgery. 

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