As we have clearly seen, the Canadian dollar has grown weak for quite some time.
This has caused XXXCAD pairs to grow in price.
We just saw a sharp bust through this level with price immediately returning to it.
We do not know if it is a fakeout, so we'll wait for price to comfortably leave the area and return to it before we take on long trades.
This has caused XXXCAD pairs to grow in price.
We just saw a sharp bust through this level with price immediately returning to it.
We do not know if it is a fakeout, so we'll wait for price to comfortably leave the area and return to it before we take on long trades.