QuoteDislikedUSDCAD June 29 review:
With only 2 trading days left this month, here is a quick review and perhaps we can prepare for next month's trading.
I know some harmonics traders in lower timeframe are calling for bullish reversal and started buying.
As it is now, I stand aside until I see the MN close and make my trade plan for July 2017
great trader
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
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