USDCAD Short based on Fundamental & Technical Structure
Fundamental:
USD: Tax reform progressing, December rate hike is imminent.
CAD: Dovish BOC on monitory policy. No rate hike planned. Oil price starts to show exhaustion.
Technical:
USDCAD keep forming healthy HH & HL sequence, this only the 2nd wave, within the channel. However look for price to break 1.2783 will be great entry, TP1 is very healthy at 2.3R.
USD: Tax reform progressing, December rate hike is imminent.
CAD: Dovish BOC on monitory policy. No rate hike planned. Oil price starts to show exhaustion.
Technical:
USDCAD keep forming healthy HH & HL sequence, this only the 2nd wave, within the channel. However look for price to break 1.2783 will be great entry, TP1 is very healthy at 2.3R.
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Sorry title should be LONG
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