USDCAD - We look to Sell at 1.3010 (stop at 1.3050)
USDCAD - Continued downward momentum from 1.3144
resulted in the pair posting net daily losses yesterday. The AB=CD
formation target is located at 1.2870. For the last 12 days trading has
been broadly confined to the daily Ichimoku Cloud.
Expect trading to remain mixed and volatile. Buying posted in Asia. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. Our profit targets will be 1.2870 and 1.2850.