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Nov 19 - 01:55 PM

USD/CAD - Possibly A New Resistance Line In The Sand

By Peter Stoneham  —  Nov 19 - 12:25 PM
  • Possibly a new line in the sand, this time at 1.4100

  • Monday saw a squeeze to 1.4105 but a close below the line

  • Pullback to 1.3968 now looking more just a correction

  • Our 1.4094 short play is performing and the stop has been lowered to entry

  • Pull of today's 1.3650-82 cloud twist may have added weight to the adj

  • We target 1.3820 but will monitor a test of the Fibo and Kijun line @ 1.3927

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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