Last week we saw the pair rally with a bearish reversal from a key level of resistance on the daily timeframe.
USDCAD
This week, we expect to see a bearish continuation as well, with a possible short bullish reversal around a recent support zone (1.32650--1.32181). If price breaks that level of support to the downside, we might see a continuous bearish run from the pair towards 1.24660 .
For this pair we'll be looking for opportunities to sell on smaller time frames until we reach the support levels.
But what do you think ? Please let me know in the comments section.
USDCAD
This week, we expect to see a bearish continuation as well, with a possible short bullish reversal around a recent support zone (1.32650--1.32181). If price breaks that level of support to the downside, we might see a continuous bearish run from the pair towards 1.24660 .
For this pair we'll be looking for opportunities to sell on smaller time frames until we reach the support levels.
But what do you think ? Please let me know in the comments section.
