USDCAD edges up towards some strong resistance levels
I've been keeping my peepers on the USDCAD chart as there are some interesting resistance levels approaching.
I popped into the TipTv studios this morning to have a chat about them with the head man Nick "The Moose" Batsford.
You'll hear from the video that the 1.33 area is where I'm most interested in trading but there's some decent resistance around 1.3200 that may be worth considering for a shorter term trade.
USDCAD weekly chart
The weekly chart has shown how important the 1.3000/20 level has been and the weekly candle is looking quite bullish. That could mean a move up towards the 1.3200 area soon. If we can get a move there a good time before the FOMC then I'm interested in a short on the technicals.