USD/CAD sell signal Analysis

10 בינו׳

Hello traders, this week, there hasn't been much significant movement in the DXY. We've observed two inside bars on the daily timeframe, indicating a period of ranging. Personally, I'm looking for the CPI data to potentially drive the price down. This would align with my interest in selling USDCAD, especially after taking the ERL. I anticipate targeting the next pool of liquidity, the IRL, considering that we've previously established the buy side of the curve in past weeks. I think it's now time to get the sell side of the curve. However, my decision to get involved will depend on the CPI release and whether it gives us a break of structure in the market.