$USDCAD down trend line breached

FX:USDCAD   U.S. Dollar / Canadian Dollar
100 0
USD/CAD held key support area between 1.2350 area.

It now has broken resistance some heavy at 1.2530 area
The downtrend line has been punctured.

We could try buying up at support near 1.2420 area.

Rig count dropped by another 37.

Market is assuming another rate cut could be announced by Bank of Canada

Data flowing out Canada continues to be weak.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Pine Wizards Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out