FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

Above usd/cad, I’m sitting here thinking. We still can’t really accelerate downward, even though it’s not visible yet, well, it’s stopped being visible. But there is this kind of zone, I noticed it today, into which it’s quite likely they’re pulling the price as part of a correction. Levels, at this time, are showing exactly what I described in the post above: they’re not letting the lower boundary go too far down, kind of holding the market back from declining. And at the same time, they’re imposing a mandatory zone from above so it doesn’t grow too much, or so that a lot of resources are spent for it to grow. That’s how it looks for now, I’m just sitting and waiting, not getting into the market, don’t want to get stuck :).