Sunday, April 14, 2013

USDCAD Price Action: The Week Ahead, 14/04/2013-19/04/2013

USDCAD retraced Slightly after hitting Key Weekly Support, Though, no Price Action Setup is seen on the weekly chart, our attention will be more on the daily.


The Daily Chart does show the formation of an Inside Bar. This stands for indecision. However, Since price is currently on Support, We will be more inclined to buying the pair but there is no clear setup to go with on this pair since the weekly chart is not in line with it yet.

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