usd/cad @ 1.0002
As long as Crude is above 100$, I'll focus more to short ... and play with the bulls only on long scalp.
In 2-4hrs time, consensus says ...
1) US ADP Employment Change : 170k < 208k > Buy USD/CAD. (major).
2) US NFP : 1.9% < 0.8% > Sell USD/CAD. (major).
3) CAD Bldg Permits (MoM) : +1.9% < -4.0% > Buy USD/CAD (minor).
4) Probable spikes 10-45 pips.
5) Even though it is moving up, the descending channel is still intact. So I'd guess some more up moves till it touch the top of that descending channel. Hopefully , I can load heavy shorts once it touch between [+1/8]P - [+2/8]P lines ... or upon touching top of descending channel (4h tf), but all that will also depends on how heavy oil prices flactuate and maybe some other balance of oil payments to Canada.
So ... Im going to start looking, technically, how am I going to trade that.
As long as Crude is above 100$, I'll focus more to short ... and play with the bulls only on long scalp.
In 2-4hrs time, consensus says ...
1) US ADP Employment Change : 170k < 208k > Buy USD/CAD. (major).
2) US NFP : 1.9% < 0.8% > Sell USD/CAD. (major).
3) CAD Bldg Permits (MoM) : +1.9% < -4.0% > Buy USD/CAD (minor).
4) Probable spikes 10-45 pips.
5) Even though it is moving up, the descending channel is still intact. So I'd guess some more up moves till it touch the top of that descending channel. Hopefully , I can load heavy shorts once it touch between [+1/8]P - [+2/8]P lines ... or upon touching top of descending channel (4h tf), but all that will also depends on how heavy oil prices flactuate and maybe some other balance of oil payments to Canada.
So ... Im going to start looking, technically, how am I going to trade that.