Resistance 3: 1.0220

Resistance 2: 1.0180

Resistance 1: 1.0130

Latest New York: 1.0109

Support 1: 1.0100

Support 2: 1.0080

Support 3: 1.0050

Other Things to Watch/Open Trades/News

SHORT USD/CAD 1.0130 Stops @ 1.0230

Failure to close above the 101.80 area suggests

the rate has a failed rally (top of range).



Sharp break early Monday suggests sellers trying to take control; bounce off the

MA’s expected but volumes not high. OK to hold through the close if not stopped out as

stops are out of range from last week. Close below 1.0100 now needed to set up break

into the bottom of the range in my view. Lack of downside follow-through Friday

suggests rate is stuck. OK to day trade from both sides if aggressive.

Rate needs to clear under the 1.0100 area in my view to set-up a deeper pullback later

this week.

Nothing to do but continue to wait in my view; price is inside no man’s land

Monday action is another clue that the sellers are trying to take control.

Data due Wednesday All times EASTERN (-5 GMT)

8:30am CAD GDP m/m 0.2% 0.6%

8:30am CAD IPPI m/m 0.9% 0.1%

Analysis by: written by Jason Alan Jankovsky


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