USDCAD seems to have formed a base, all eyes now on the 1.1 pivot

April 30, 2014 by Nanakiver3

Adam and I both spoke yesterday about USDCAD appearing overextended and worth either squaring shorts in Adam’s case or going long in my case. With two failed attempts now to break the 1.0942 all eyes now remain on the upside and selling interest at the 1.1 pivot.


USDCAD 15 minute chart

Should we break lower keep an eye on some minor support towards the 1.0917.