USD/CAD

more downside coming

1.0820 is a strong support

that's not a support............. can any one see any????

I started to look at loonie some month ago (but didn't trade it much, occupied with other pairs) and I expect further weakness of CAD (>1.2) so does anybody here have any opinion where would be the "line in sand" for the bulls to step in? I thought 1.086 but fortunately I listened to my instinct who said: wait, no time yet to go long. I don't have much experience with this pair but looking at monthly chart it seems that this is headed towards 1.2 and beyond, maybe 2008 highs. Fundamentally BoC is hoping for exports to drive the economy and are not afraid of much lower levels of CAD ( higher inflation) , as I understand the latest report. So, R/R ratio is attractive for longs, the only unknown component here is the entry. Will watch this carefully hoping to find the line .

This is my view

I assume 1.0838 is the support...its finished.

Would have loved to take part in this fall. Any targets guys?

1.0700 the obvious buy level. im looking to start getting in at 1.08 for a move above 1.12.

prob better to wait for payrolls tmrw

i see it's quiet now at 1.08149 ! considering Canada closes/eases at same time with US markets...i guess it will grow up slowly.

dipped in at 0816. going to continue buying into 1.07

after this recent CAD rally takes inflation down Poloz is going to jawbone CAD back down again. Hedge funds have a hard on for this pair going to 1.16, and it probably will if the Fed hikes whle Poloz is stuck at 1%

prepare for bullish run?

Hmm

why 1.07? just curious. because 1.0650 and 1.0610 also look like support (ex resist.)
agree about the bullish view.

come on and fall you SON OF A B

Careful about selling at these levels market well oversold in my opinion, Iam not seeing it drop under 1.08 unless it make a run around 1.09 and it might be the move to go above 1.10 again. cheers...

We on our way back to the top buddy

You think shes done....? It looks like support has become resistance. hmmmm


EDIT: @ 1.083ish. I am def down to ride her up, but might be too premature. hmmm we shall see.

does a bear sh*t in the woods?

lol

This chart is looking more and more bearish, might get a bounce but I'd expect more selling, Head and shoulders formed broken neckline, pretty weak support ATM

http://gyazo.com/68ce4950fea209bffb23199c0de95b78