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Levels for day starting 11/11/18
Friday was a great rally day for the Caddy. After breaking the previous day's high, we saw some sideways action before it continued its way up to finally be stopped by the sellers @ 1.3230.
It has been dropping since and buyers are now lined up @ 1.3159 and more @ 1.3138.
1.3066 & 1.3045 are showing as strong supports with huge stops just below.
Should it decide to rally before a size-able correction, I expect the sellers sitting scattered from 1.3252 to 1.3287 to be able to absorb the buying volume.
End of day
We saw a timely buy signal just before the 1.3195 level was tested. The market went on to rally & test the 1.3252 level. The day closed printing a new week/month high.
Tuesday S&R levels
The Loonie seems to be taking a breather before resuming its up move. Down move can be expected to be absorbed by buyers sitting @ 1.3180 & 1.3165. More volume seen at 1.3113 level.
On the up side, July high of 1.3288 is the target. That may not be an easy break and it may take more than a single try to go through it.