Looking at the medium-term Kagi, and using 0.01 size, it starts looking as if the USDCAD may have a strong run up. We were not able to move lower at all, and the regression channel price action starts breaking upwards. Confirmation is when we settle above 1.2860.
For now buy when confirmed break, but the stop is low 1.2150 area (its medium term view), and the objective could be somewhere 1.3500.
For now buy when confirmed break, but the stop is low 1.2150 area (its medium term view), and the objective could be somewhere 1.3500.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.