USDCAD

Chart courtesy of Dynamic Traders. Data provided by Reuters Quote Center.

Good morning traders. Hope you are all looking forward to another week of trading. After last weeks news the JPY has surprized a few of us and the EURJPY has broken support so all bets are off on that cross.

The USDCAD pair had a volatility breakout last week and seems set for a continuation. Beware the .786 so I will look to either scale out or if I am at home when price action is in proximity to .786 I will manually trail my stop on a 5 minute chart.

The Euro and Pound are looking fairly weak too.

Good luck.