USDCAD - waiting for candlestick formation
Caddy approaching serious technical support zone (1,33-1,34)
-200 dma + trendline
Need to watch for crude oil price as USDCAD and WTI intraday correlation is very strong.
Also waiting for bullish reversal candlestick formation, not opening position without seeing that.
Fundamentally both US and Canadian GDP figures outperformed, inflation momentum is picking up also, giving less room/opportunity for FED and BoC for being loose on monetary policy.
Being patient and observing this opportunity.
For Hungarian followers: www.geopro.hu
-200 dma + trendline
Need to watch for crude oil price as USDCAD and WTI intraday correlation is very strong.
Also waiting for bullish reversal candlestick formation, not opening position without seeing that.
Fundamentally both US and Canadian GDP figures outperformed, inflation momentum is picking up also, giving less room/opportunity for FED and BoC for being loose on monetary policy.
Being patient and observing this opportunity.
For Hungarian followers: www.geopro.hu