Yesterday CAD broke the strong upwards trend line
and made a fall. Oil
is on its rally too. So i still think CAD is in bear mood in the near future. Judging from 1D MA5
, FIB level and trend line
, possbile SHORT opportunity might be in the 1.4530 level. The 1st target level is previous support, which is around 1.4435. and the 2nd target i suggest the 127% of the last rally, which is 1.4365 level.