Strategy: Pending Long
USDCAD continues to consolidate below the parity level, with positioning in the middle of the range arguing against entering a trade at the moment. Our fundamental bias favors the long side and we will continue to monitor positioning for an attractive long entry into what is expected to be a substantial long-term advance.
To discuss these strategies with other traders, please visit the Candlestick Forum
To receive future articles by email, please contact Ilya at email@example.com
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.