USDCAD Trading Plans Pre ADP / Post Powell Speech

3 Tem

Slightly Dovish tones coming from FED chair powell has caused a fall on USDCAD from previous short zones labelled.

Long zones exist below,

1) Tech Bias - Comes from price rejection (longside previously) at this level.

2) Sentiment bias supports tentative sideways movement, would not be shocked if you move to local highs again.

3 Tem

Not

Key long zones approach now. Entries ideal.

3 Tem

Not

Full PA Zone stretched - last chance for longs with early rejection.

4 Tem

Not

Unlikely shift will come closing out this week due to July 4. Entries fine to get into Monday if not now (fee avoid)

5 Tem

Not

Weak PA on USD sentiment. Hold off any new longs.