Inside the Currency Market: USD/CAD

USD/CAD. Bottom. 1.3072. Range break above 1.3212, 1.3252, Below 1.3061, 1.3023. Overbought sell point 1.3192. Channel top 1.3203 and 1.3241. Strategy. Longs above 1.3138, target 1.3192. Then reverse short to Target 1.3165. Points on the way up, 1.3141, 1.3144, 1.3148, 1.3167, 1.3178, 1.3192.

Shorts below 1.3128, target 1.3105. Watch for reversal here to 1.3138 and higher. Points on the way down, 1.3132, 1.3125, 1.3119, 1.3108, 1.3106, 1.3089 then Bottom 1.3072.

Brian Twomey, Inside the Currency Market, btwomey.com

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