USDCAD: 2ND IMPULSE LOWER TO 1.30 ?

82
Looking for a drop to 1.30 big figure

  • COT: Looks like Institutional switching from acc. to dist. CAD shorts
  • COT: USD longs in dist. mode since Q4-22
  • COT: Both developments spell more downside for USDCAD
  • Pivots: Q1-23 starts with selling the Qarterly Pivot
  • Pivots this predicts Quarterly S2
  • TA: Daily downtrend evolving with a HH > HL > HH > HL printing
  • Levels: Stops resting below 1.3250 / 1.30 as downside target = QMS2

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