Sforex
Long

Loonie: I maintain Bullish view. 1.3250 and 1.3350 next.

FX:USDCAD   U.S. Dollar/Canadian Dollar
180 1 3
A sad week for Loonie, BOC             maintained their dovish tone and low CPI             damaged to Loonie. USDCAD             saved from the support 1.2862 and bounced agressively to 1.3200 level.

USDCAD             now stops at Kumo cloud;however, I believe It couldn't hold USDCAD             below it.

While RSI indicator show that it moved above the resistance I show on the chart, more rally is supported to overbought zone.

I maintain bullish bias for USDCAD             .

The first target I am pricing to is 1.3250

A strong support likely is at 1.3350
ChatchaiVong
a year ago
thank so much
Reply
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