FX CHART OF THE DAY: USDCAD BREAKDOWN RISK
USDCAD is on risk of breakdown from its relevant lateral trend, marked by the 1st standard deviation from weekly (120-h) mean.
Traders can pick shorts at the lower 1st standard deviation (@ 1.3200)
Stops should be placed at the weekly mean (@1.32550)
Traders also should mind incoming news events next on Tuesday!
Traders can pick shorts at the lower 1st standard deviation (@ 1.3200)
Stops should be placed at the weekly mean (@1.32550)
Traders also should mind incoming news events next on Tuesday!