USD CAD is only going down to me, both through technical and fundamental reasons.
Technical you can see that 1.26 is a key level and is a nice round number, you can also see marked out by my yellow boxes where price has touched and respected this level, so when it touched it bounced!
Fundamental, The economy is f@cked and the amount of money the US are printing is only going to devalue the USD, there is no other outcome and if you cant see that then i think the opticians are open again on April 12th here in the UK.
Again today price has tried to push through this level but at the moment the level looks to be holding which is pushing price back down below 1.26, i can only see downside bearish movement from here.
If you want to know more just send me a message.
Peace out.
Technical you can see that 1.26 is a key level and is a nice round number, you can also see marked out by my yellow boxes where price has touched and respected this level, so when it touched it bounced!
Fundamental, The economy is f@cked and the amount of money the US are printing is only going to devalue the USD, there is no other outcome and if you cant see that then i think the opticians are open again on April 12th here in the UK.
Again today price has tried to push through this level but at the moment the level looks to be holding which is pushing price back down below 1.26, i can only see downside bearish movement from here.
If you want to know more just send me a message.
Peace out.