Hello traders! We are taking a look at this market for a potential pullback towards support around the 0.91600 area. According to Reuters, the Canadian dollar is showing signs of strengthening due to the impact of the decade bond and so we are looking for short opportunities in this market. The market is currently hovering around September’s high and we could see rejections from this level and a possible bearish move towards 50% of last week’s low on Thursday. Looking for a daily closure below 0.91950 to set up short positions in our sell zone if price revisits the area and will be targeting 0.91630. We will continue to looking for other confirmations to support this idea.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.