Jaroslav Vaclavik
All posts from Jaroslav Vaclavik
Jaroslav Vaclavik in Jaroslav Vaclavik -SMB Capital,

USD/CAD Trading Plan

 USD/CAD could provide some good trading opportunity with it's  schedule packed for 12:30 GMT as market will receive reports for Change in Non-farm Payrolls for March from US and Unemployment Rate from Canada for month of March with some more reports coming out at the same time . All this will provide increased volatility and possibly  become catalyst for new levels  in this market to come in play .

Levels to watch for are  :    http://smbu.us/smbwho

 1.1000 - area -   Here I will be looking to join buyers  if smaller time frame supportive with buying interest present at the time . Otherwise selling into next support level which is at 1.0950 . Long Picture Perspective is still bullish so selling with smaller expectations .
1.1050 -area-  Currently resistance is too close for selling from ,  giving the nature of todays expected volatility . So if already long will keep an eye either on hesitation ( taking part of position off )  or acceleration from there and will consider trading break-out  into next resistance located at 1.1075 .