There is a pattern forming in the USDCAD hourly chart, but you have to be quick. The CPI core came in higher than expectations but the Wholesale Trade sales were a disappointment. The price of the USDCAD fell but found the lower channel trend line and buyers came back in. Now the price is back on it’s way to the upper extreme.
You really have to love the USDCAD to trade the USDCAD (you might even have to be Canadian). It is not a part time job. Maybe that is why they call it the loonie (and I don’t mean the bird).
The USDCAD pattern is forming but you have to be quick.
