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USD/CAD Impulsive Swings Leave Clearer Directional Cues Desired
Strategy: Flat, Long On Close > 1.1460
Bearish Pattern Left Lacking Validation
Doji Signals Indecision In Intraday Trade
USD/CAD continues to whipsaw wildly leaving a void of clear cues from candlesticks. As noted in recent reports the pair has a tendency towards violent impulsive swings. Yet with a medium-term uptrend intact the latest pullback could prove transitory. Clearance of former support-turned-resistance at 1.1380 may open a retest of the recent peak at 1.1460.
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