Dear Traders, hope all of you had a great weekend,
USDCAD approaching a high potential selling area where we can expect price to reverse for short period until DXY settle its market equilibrium. Once it is settled we will expect prices to be bullish for long period.
A strong rejection at our ‘golden line’ will indicate us, whether price will reverse or not.
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-Price has reached our area of entry though it did not touch and reject our area and we do not expect price to come almost to our area as DXY is recently overbought and that it may reverse