Nasdaq100 (NQ) Consolidating Near Key 12k Level

The Nasdaq100 (NQ) is hesitating in its Dead Cat Bounce, but continues to have decent odds for a few more months of a short covering rally before exhausting near the downchannel resistance (on the weekly chart). Any daily close above downchannel resistance (on the daily chart) and the psychologically key 12k whole figure level will dramatically increase the likelihood for a retest of the June high before month end…

USDCAD Trying to Reclaim Key 1.30 Level

The USDCAD is trying to halt the pullback that began at the 2022 high a bit more than a week ago, with the weekly Hammer assuring a higher June low versus the May low. Any break of the downchannel resistance (on the 4hr chart) will dramatically increase the likelihood of reclaiming the psychologically key 1.30 whole figure level and 2022 high in the few days after…