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The pair depreciated a bit, hopefully it will recover.
The pair depreciated a bit, hopefully it will recover.
In my opinion it may even continue depreciating, especially if it breaks out below 1.2700. Next target could be around 1.2650 - 1.2630.
USD/CAD slipped below 1.2700 as I thought it would and I opened a short position when it did. In my opinion, 1.2650 - 1.2630 is the first target but it may drop lower.
Good to go long now i think.
It rebounded from 1.2665 but I don't think this is the end of the drop. A breakout below 1.2650 and another drop to 1.2600 is still possible.
The drop did end after all. USD/CAD is rallying and I think it will test the local high at 1.2772. Above it the target is 1.2900.
USD/CAD broke out above 1.2772 and remains bulllish. I opened a long yesterday, I think I will keep it open until it reaches 1.2990.
USD/CAD is moving to the downside this week. I plan to buy at 1.2660.