USDCAD -- fleeing to the US dollar.but may have resistance level
USDCAD -- reached another TOP due to cornavirus... CAN THE STRENGTH CONTINUE HERE?
THOUGHTS:
may reverse direction as there is RESISTANCE levels seen here and now reached ------- It would be rare to break through upwards at this point. (but nothing is off the table during these times!! lol certainly can go up)....with Weak Canadian dollar and everyone fleeing to the US dollar strength. SOme pullback down should happen at this point, due to technical resistances. We shall see how it goes.
Anthing is possible these days.
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.
THOUGHTS:
may reverse direction as there is RESISTANCE levels seen here and now reached ------- It would be rare to break through upwards at this point. (but nothing is off the table during these times!! lol certainly can go up)....with Weak Canadian dollar and everyone fleeing to the US dollar strength. SOme pullback down should happen at this point, due to technical resistances. We shall see how it goes.
Anthing is possible these days.
___________________________________
Disclaimer:
Always do your own due diligence, full research, and homework, and consult with your own licensed investment professional before any investments. Any comments and analysis seen here are personal opinions, and we are not registered or licensed in any jurisdiction whatsoever to provide any investing advice. Any analysis, charting and comments should never be used for the purposes of assisting in any advisory decisions with any stock purchase or sale, and never to be used on the basis of making any kind of investment decisions. It is for the sole purposes of opinions and thoughts only of the markets. Thank you.