The uptrend on the daily chart of the USD/CAD has remained intact despite the recent layer of resistance on the U.S. Dollar Index between 81.20 and 81.50. This stall in the U.S. dollar’s bounce has not derailed the bullish Directional Bias on the USD/CAD which still has consistent green GRaB candles and a “twelve to two o’clock” angle of the 34EMA Wave. The weaker-than-expected Non-Farm Payroll gave the pair nearly twice the hourly pip movement range that would be expected for the pair. This type of above-average movement was possible because two major economic events were released at 8:30am EST which had direct ... (full story)