UC Potential Plays
Bias for USDCAD for me remains Bullish.
Key level of 1.35 is very well respected and there are two scenarios. Which is not helpful!
Scenario 1 - Pair opens Sunday and has a nice close for Monday above 1.35 and I believe we can see upside to make a new HH which would be around 1.38 at a key weekly level!
Scenario 2 - Pair opens Sunday and closes below the important level which is around 30 pips downside. If this happens I believe we will see downside to 1.32 again.
Bias for USDCAD for me remains Bullish.
Key level of 1.35 is very well respected and there are two scenarios. Which is not helpful!
Scenario 1 - Pair opens Sunday and has a nice close for Monday above 1.35 and I believe we can see upside to make a new HH which would be around 1.38 at a key weekly level!
Scenario 2 - Pair opens Sunday and closes below the important level which is around 30 pips downside. If this happens I believe we will see downside to 1.32 again.