Bullish on USD/CAD
Updated
View is bullish for USD/CAD. Chart left clean as overlaying valuations make for a messy chart! But bond yield spread, oil and oil products, crack spread etc all indicate that the USD/CAD would be trading at a discount at 1.3850s. Looks like a lot of liquidity supporting the the USD/CAD at the bottom edge of the current range. Ideally I would like to see a stop run into this liquidity level ( 1.3850 - 1.3820s - blue box) with a quick rejection and then should see an upward march. Will be watching price action actively if it gets there.
Note
Typo! 1.3580 -1.3520s!Note
Lol no typo 1.3850-1.3820
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