Hope you had a good weekend. Just going to touch upon the USDCAD.
[B]USDCAD - Better, But Limping Along (4hr chart)[/B]
As i’ve been discussing over the last few days with my members, the USDCAD was offering a potential [B]pullback entry[/B] around 1.1250. Minus the one [B]false break[/B] below it, that level has relatively held (for now).
The pair had a corrective pullback into the level, which has held and since bounced, but the pair is only limping higher atm.
Bulls will want to see a greater push/impulsivity soon to stamp out any bearish ideas. If the bears come in heavy, the bulls will likely fold below the low from the 17th, and a deeper pullback will likely ensue. For now, anyone long will keep the targets the same.
Good trading tomorrow to y’all.