USD/CAD

Correction movement continues, CAD remain under pressure. Support level can be found around 1.3160.

USD/CAD rebounded from 1.3210 but so far remains very range-bound. I think I will refrain from opening new positions for the moment.

picked up some good pips overnight and this morning on a short...but i agree..its having a hard time pushing to either major support or res to make a hard move..im in a bearish bias right now just based on a weakening dollar.

This is what I see, still doesnt confirm for me, waiting to breakout the SMA13. But its a pretty simple trade.

close short trade.

short trade @ 1.3245 tp @ 1.3175

I think that the current drop is just the beginning of the move to the downside and its closest target is around 1.3030 - 1.3000.

todays range 1.3081 ~ 1.3251

Drums rolling.................................................... Crude oil inventory out in 5mins

Ucad:

1. Broken 4hr, Daily and Weekly Support.
2. Oil up for five straight days.
3. Sell bounces, add LOTS.

USD/CAD broke the support at 1.31. Next level would be 1.2915.

next level is 1.3000 i think

started building my long position from 1.3016

Hey guys Do any of you have a preferred Oil/news website that has the Wednesday oil release live ? like TV/News thanks guys


I know obviously this website gives out the oil lol i mean like CNBC or SKy news or something like that live when it happens

uc looking good back agian 1.3300


BoC Governor Poloz’s speech will be the most interesting since Draghi and Carney just spoke. The Canadian dollar rose to its strongest level in nearly 3 months versus the greenback in anticipation of hawkish comments. Oil prices also rose 2%, supporting the move in the loonie. On a technical basis, USD/CAD has broken through many support levels and appears poised for a move to 1.30. However given how far it has fallen in the past month and a half, even a hint of caution from Poloz and the USD/CAD could U-turn back to 1.33. The Australian and New Zealand ended the day unchanged versus the buck but NZD underperformed AUD as the country’s trade surplus shrank to 103 million from 536 million in May. Although disappointing, the drop came entirely from a rise in imports as exports also increased.
Euro Hits 9-Month Highs, Best Day In A Year

Buy @1.3025. tp1. 1.3314. tp2. 1.34

Ksth , why are you so sure of this trade ?

Respectfully ,
GreenEarth

Potential interest rate hike in Canada = Short term profit and correction

I trade few currency once 1 of the target hit. Giving me signal reversal for all the pair that I trade. My stoploss always 100pips . 1 /3 ratio.