Disliked{quote} That's for sure, question is when we will see revision of these triple A's. This could cause some troubles, taking into account that BoC was ready into further rate cuts, and other issues. But BoC said it has no pressure for these levels yet, question is until when? "Somebody once described a consensus as something that ‘everyone agrees to say collectively that no-one believes individually.’ Given the relatively high level of market unanimity over FX trades this year (we are no exception), it is high time for a sanity check"Ignored
- #4,623
- Jan 15, 2014 6:58am Jan 15, 2014 6:58am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #4,626
- Edited 7:50am Jan 15, 2014 7:36am | Edited 7:50am
- | Joined Jan 2010 | Status: Trader | 1,638 Posts
The largest upcoming risk for CAD are:
1) January 22nd, BoC meeetng & MPR release;
2) January 24th CPI release; and
3) January 29th Fed statement
Tho retrace would be healthy, i would feel more comfort reentering longs. But we have only one month in buy form start of 2014, if considering that doji (a), if not then technically we are 4th month in bullish conditions. What i see from here is that nearest resistance lays at 1.163(low)-1.1349(close) area of 1991/11, tho its soooo old i don't know if i take it into account. Plus we reached previous support of 2006 at 1.0928(low)-1.1009(close). At least everyone is talking about 1.12, will see how it will hold.
Whole range is 1.61797-0.90570 (7127), so relatively speaking we are still low.
I'll wait for dates mentioned above, if price will give a chance for new bulls to enter i'll be with them. Tho i would like it to be at this years open level.
1) January 22nd, BoC meeetng & MPR release;
2) January 24th CPI release; and
3) January 29th Fed statement
Tho retrace would be healthy, i would feel more comfort reentering longs. But we have only one month in buy form start of 2014, if considering that doji (a), if not then technically we are 4th month in bullish conditions. What i see from here is that nearest resistance lays at 1.163(low)-1.1349(close) area of 1991/11, tho its soooo old i don't know if i take it into account. Plus we reached previous support of 2006 at 1.0928(low)-1.1009(close). At least everyone is talking about 1.12, will see how it will hold.
Whole range is 1.61797-0.90570 (7127), so relatively speaking we are still low.
I'll wait for dates mentioned above, if price will give a chance for new bulls to enter i'll be with them. Tho i would like it to be at this years open level.
- #4,628
- Jan 15, 2014 9:28am Jan 15, 2014 9:28am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #4,630
- Jan 16, 2014 6:24am Jan 16, 2014 6:24am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
- #4,634
- Jan 16, 2014 7:12am Jan 16, 2014 7:12am
- Joined Jan 2009 | Status: Per Aspera Ad Astra | 6,262 Posts
Really nice entry here TauTrader. Mine levels pretty much the same. {image} {image}
Sir, X
Just lucky.. but thank you
We need to see if we get support or if this will turn resistance now.
Regards
{quote} 1.1 by tomorrow
I took a little short near resistance level becasue it seems like USDCAD needs to breath and retrace on 23 or 38% Fib before crossing that psychological barrier 1.10
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