DislikedHere’s a quick review of USDCAD at 11.30am (London)
Monday London session: visible signs of consolidation.
All pairs seem to be tired of last week rally.
The steam has evaporated and lack of momentum seems to draw the pair down to its previous support/resistance area.
[font=Verdana]At 1.0370 we have a congestion of few Fibo levels, Fibo extensions and S/R… and if we won’t be hit by any breaking news, USDCAD should make some...Ignored
GCAD slammed through a strong friction area and looks to be heading back down to SR. Seems like WR1 finally added enough resistance to it.
I am obviously short-biased on XXXCAD, just a matter of when now.