USDCAD Correction At Hand
?? The USDCAD touched off a high probable Japanese candlestick pattern Sell signal on Friday.? Sell entry level is 1.3639, and the Stop risk level is at 1.3698.? 1.3474 is the Sell signal profit target level.? This is all that is expected for the signal, but technically the market is on track for a break back to the downside correction zone.? Especially if Yields remain firm, the Bears should not get below this area.
?? A rally above the 1.3698 level negates the sell signal, and confirms that Bullish momentum is not slowing down.? 1.3800 is the first target on a rally that could reach 1.3875 before there is a pause.? Trading back up at these levels would be a good indication that there are more than just Yields helping to support this trend.
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1 年I believe today's low @ 1.3560 could be it for the correction . I see a push higher towards 1.3930 and followed by 1.4120 if 1.3700 is breached