riffster21

CAD - Over extended and will consolidate soon

OANDA:EURUSD   Euro / U.S. Dollar
Hi folks, I have several traders that have asked me to post updates via my indicator. Right now the CAD is over extended to the downside. If you are shorting the CAD, consider covering soon. This run is almost over.

NOTE: this indicator measures individual currencies (i.e not pairs). The CAD does 'NOT' refer to the USDCAD. This analysis only refers the cross side of the USDCAD or the CAD.
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