USDCAD - downtrending.
Here I have added in the descending trendline to highlight the obvious downtrend. We have seen a retracement to the previous support level from the beginning of the month and I now expect a drop back down to the 1.31400 region (August low). Potential 70+ pip move.
Let's see how this plays out over today's NY session!
Here I have added in the descending trendline to highlight the obvious downtrend. We have seen a retracement to the previous support level from the beginning of the month and I now expect a drop back down to the 1.31400 region (August low). Potential 70+ pip move.
Let's see how this plays out over today's NY session!