Against a background of bullish signals for sentiment for this week yesterday began with selling pressure. That decline took USDCAD back to the 13 day mvg avg but, importantly, that point was not broken. The resulting rebound was not extensive but enough to create a mildly positive bias. So with these factors as a backdrop, this morning’s call is Bullish
we look to Buy at 1.2930 and 1.2900 targeting 1.2968 (where risk can be raised to breakeven), 1.2985 or even 1.3019.
The stop is 1.2873 offered.
Time frame, intraday, closing 4pm London time