USDCAD in a correction but for how long?
Updated
I was looking for a little more of a pullback but all indicators are showing this push has a way to go before slowing down.
A small bullish flag on the hourly would give me a strong buy signal. We may get resistance with another pullback but not as likely as a push through the resistance. I will start looking for signs of reversing at about 1.32.
A small bullish flag on the hourly would give me a strong buy signal. We may get resistance with another pullback but not as likely as a push through the resistance. I will start looking for signs of reversing at about 1.32.
Note
Although many have predicted the bigger bear a long time ago but we have now crossed the 382 which is a place where this pair turn regularly. I will be looking for a bear signal anytime from here to the 50. The US election may mess things up a bit though.
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