Last week's range was approx 100 pips whilst the 20-week AWR was 151 pips. It was a "miss" hence I am anticipating a price expansion (weekly) probably hitting 10% more than next week's 20-week AWR, which probably be around 160-170 pips give or take.
My bias for USDCAD is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity pool at 1.31950-1.3200 and 1.32170-1.32380, that will activate my bullish mode and will LONG if there is a trigger for me to do so. My potential targets are illustrated in the chart: the liquidity pool on the upside at 1.33050-1.33200, Boomerang Level** and the 20-week ADR upside projection
**you can read here to understand the Boomerang concept :
There is no risk event for the U.S and Canada
My bias for USDCAD is bullish hence I am looking at "support" levels to go Long. If price enters in the liquidity pool at 1.31950-1.3200 and 1.32170-1.32380, that will activate my bullish mode and will LONG if there is a trigger for me to do so. My potential targets are illustrated in the chart: the liquidity pool on the upside at 1.33050-1.33200, Boomerang Level** and the 20-week ADR upside projection
**you can read here to understand the Boomerang concept :
There is no risk event for the U.S and Canada
