nelsyboy

USD/CAD Future Movement

FX:USDCAD   U.S. Dollar / Canadian Dollar
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Price has dropped to a previous BUY zone although this is in the middle of a previous move up. It could still count though and so my thoughts are that we will not see a move beyond that point just yet although it will drop a little more within the grey BUY zone. I then hope to see a bounce to previous SUPPORT as per other ideas on this platform. Hopefully, the price will hit the upper trend line and support area junction. One word of caution is that I would not rule out a bump up to the very top of today's RED candle where the move down first started.