After a long time the Loonie has managed to touch upon on the very key resistance level it had seen in months mainly due to the lockdown situation in Aussie which had seen the currency plummet since Jun 21.
A breakout at this key level will see the loonie fly off, however, since the RSI is currently in the overbought zone, this may also signal a possible reversal from this level.
A breakout at this key level will see the loonie fly off, however, since the RSI is currently in the overbought zone, this may also signal a possible reversal from this level.