The (USDCAD) is consolidating a second straight day after Tuesday’s surge to just above the psychologically key 1.30 whole figure level and 2022 high.  Odds are elevated that the USDCAD will sometime in July, extend its Bull market to the November 2020 high, which happens to be the 50% Fib retrace of the March 2020 to May 2021 slide (as can be seen on tradingview.com).  A bullish catalyst could arrive with Friday’s highly anticipated US Non-Farm Payrolls (NFP). Watch as usual for any signs of escalation in the Ukraine-Russia conflict.  The weekly RSI, Stochastics and MACD are rallying, weighed by the tiring daily RSI and Stochastics.  I am looking to enter long in the green zone (of the daily chart), targeting the red zone for Wednesday.  The amber/yellow zone is where I might place a stop if I was a swing trader (although in my personal account with which I seldom hold overnight I sometimes set my stops tighter).  Click here for analysis on USDCHF, NASDAQ100

USDCAD Weekly/Daily/4hr

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(FXC)