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Bias still higher

USDCAD

A positive Wednesday consolidation to dismiss the negative consolidation Tuesday, to still retain the positivity from the strong latter November rally (through 1.3252 and 1.3270/71 resistances), to keep risks to the upside Thursday.

  • We see an upside bias for 1.3328; break here quickly aims for key 1.3348 and opens risks up towards significant 1.3383.
  • But below 1.3251 opens risk down to 1.3228.
by Steve Miley November 28, 2019
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