Strategy: Flat
USDCAD continues to consolidate in a narrow range above 0.9198, with near-term resistance defined at 1.0053. Positioning does not offer an actionable entry signal and we will remain on the sidelines for now until something compelling presents itself.
Written by Ilya Spivak, Currency Strategist for Dailyfx.com
To contact Ilya, e-mail ispivak@dailyfx.com. Follow me on Twitter at @IlyaSpivak
To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com
