Open trading account 
The USD/CAD is trading back in the support zone that it bounced from strongly on Friday.
With the aggressive buying that occurred on Friday, I did not anticipate the
pair coming down so hard and so soon. Yesterday Canada had made some
budget announcements, although the announcements were made later in the
day, the information was available earlier to some and may have been
leaked which may have caused the move.
For today, probability that this area holds are in favor, as we have no major economic activity
out of Canada that would cause major volatility or a catalyst to break
the level.
Further downside moving forward, or a deeper retracement from high's at 1.12+ cannot be ruled out.
MY REVIEW
watch out for words such as anticipate; information leaked, probability
anticipate = speculate
information leaked = dude have you heard of metabiology; all our trades goto the bank; ofcourse it doesn't even leak thats how they make prices
probability= it's not probability its price feed generation or econophysics
With the aggressive buying that occurred on Friday, I did not anticipate the
pair coming down so hard and so soon. Yesterday Canada had made some
budget announcements, although the announcements were made later in the
day, the information was available earlier to some and may have been
leaked which may have caused the move.
For today, probability that this area holds are in favor, as we have no major economic activity
out of Canada that would cause major volatility or a catalyst to break
the level.
Further downside moving forward, or a deeper retracement from high's at 1.12+ cannot be ruled out.
MY REVIEW
watch out for words such as anticipate; information leaked, probability
anticipate = speculate
information leaked = dude have you heard of metabiology; all our trades goto the bank; ofcourse it doesn't even leak thats how they make prices
probability= it's not probability its price feed generation or econophysics
