USDCAD - Same Theme

21 Eyl 2020

We are seeing the same theme across the USDXXX pairs which is lots of consolidation and indecision. Although we saw price break out of that strong descending trend line, we have seen nothing but a range ever since. I will be waiting patiently for a break either way followed by a re-test and rejection before considering a position.

IG Client Sentiment - 71% Long
COT Data - 71% Long