If The Shoe FITZ

Oh Canada

All down to BOC in less than an hour but USDCAD is toying with the double bottom neckline at 1.3792. A close above, IF seen, would open up a target close to 1.40

A monthly close over 1.3792 would give us a bullish outside month at the same time as USDJPY  is in line for a bearish outside month below 154.55 opening up for a potential "Double Whammy" with CADJPY  in line for a bearish outside month on a close under 111.42.

Major support is at 110.64-111.17 and If that goes start thinking 104.25

Return to If The Shoe FITZ

Contact us for more information

Have questions? We're here to help.