Yesterday evening, John in the chat-room posted a very nice little piece of information from Predicted Markets which said that resistance should kick in for USDCAD at 1.1015. “Since September 2013 there have been 25 times when – as was the case on Monday – USD/CAD has posted the session high 10 pips or less above the opening price. Of the 25, only 1 went on to close the next day more than 50 pips above where USDCAD started the session. The equivalent level on Tuesday is 1.1015,” it writes in an alert sent to clients. It says second resistance is at 1.1040.
This was just after the barriers were popped at 1.1000 and the high was at 1.1018. Hats off, great call.