I am a bear on this pair. I am looking for opportunities to sell.
USDCAD DAILY CHART
The market is flat and price is ranging. I will be using the ranging strategy. The stochastic is heading towards overbought. Price is heading towards resistance toward MR1. I am expecting price to go as far as 1.3400
USDCAD H4 CHART
Market is flat and price is ranging. Price broke through previous resistance at MPP now is heading towards new resistance at WR3. The stochastic has entered overbought put expecting price to go up to the 1.3400
The market is flat and price is ranging. Stochastic is has just turned and is heading towards overbought. When the daily, h4 and H1 are overbought. I will wait for 8/5 cross on 5m or 1m.