Simple range for USDCAD this August...
With liquidity fading away it is time to begin range trading in USDCAD. This time the map is very clear; sell the 1.325x highs <=> 1.314x target mid <=> 1.301x target lows. Reassessment only needed above 1.325x.
A break below 1.301x will unlock the test of 1.296x which is the ABC target from the highs. Any further is currently locked but with Dollar devaluation ready to take charge 1.2600x is looking very close.
Best of luck all those on the sell side in USDCAD
A break below 1.301x will unlock the test of 1.296x which is the ABC target from the highs. Any further is currently locked but with Dollar devaluation ready to take charge 1.2600x is looking very close.
Best of luck all those on the sell side in USDCAD
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