USDCAD - We look to Sell at 1.3320

Pia-first Team PIA-first

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%

Avg Sell Price 1.3364

Avg Buy Price 1.3432

Liquidity Distribution

Author

Pia-first Team

PIA-first

Our analysis service is provided by 4 market professionals who have between them spent 85 years in investment bank and professional firm dealing rooms as traders, salesmen and analysts.

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