USD/CAD Analysis - page 25
The Canadian Dollar registered a big move to the downside with a renewed optimism in the US currency.
USD/CAD is moving to the downside again after forming a clear spinning top bar on the daily time frame. I think next target is 1.3240.
The pair broke below 1.3240 and then below 1.3200 after rebounding from
the latter level briefly. I think it's falling toward 1.3040 - 1.3020
again.
USD/CAD is testing the support at 1.3100 and I think that it will
break below it soon. I have a short position for the moment.
The pair rebounded from 1.3050 and is retracing to the upside. I think next target is at 1.3190.
The pair has been very difficult to trade lately.
I shorted after the pair couldn't break above 1.3170. I think next target is 1.3050 again.
The pair rebounded from 1.2968 once it reached that
level. For now it's retracing back toward 1.3065.
USD/CAD continues being very bearish. I think that if it breaks out below 1.2968 next target will be at 1.2900.
Tough to get on the waves of the pair lately.
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