Option barrier in USDCAD looks to be knocked out

The 1.2500 barrier looks done as we’ve got a low of exactly that. There still looks stiff support on the big figure but it’s looking dodgy.

USDCAD 15m chart

USDCAD 15m chart

There’s support down to 1.2488 and further, down to 1.2450.

I’ve got a provisional stop under 1.2470 but I’ll get out sooner if 1.2500 looks like it’s going to go.

 

Ryan Littlestone

Psychedelic chartist extraordinaire. Have your shades ready.
Philosophy: “Don’t be a Dick for a tick”

Read how Ryan got into trading here
Ryan Littlestone

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