FX CHART OF THE DAY: USDCAD BREAKOUT POSSIBLE
USDCAD is breaking out from 1st standard deviation from weekly (120-h) mean
The mean has positive slope (as well as the 1st standard deviation)
Volatility is not compressing (measured by 3.2 st deviation from weekly mean)
USD can move up further on WTI OIL depreciation
Traders can pick longs close to the 1st standard deviation (1.3120 and up) and stop at the weekly mean (1.3070)
The mean has positive slope (as well as the 1st standard deviation)
Volatility is not compressing (measured by 3.2 st deviation from weekly mean)
USD can move up further on WTI OIL depreciation
Traders can pick longs close to the 1st standard deviation (1.3120 and up) and stop at the weekly mean (1.3070)