Hello traders heres my outlook on this pair. We can see that the price bounced off the 0.786 retracement
which also has some good structure and a trendline
right there as well. Also the MacD
did show a reversal towards the upside since it made a lower low where as the price made a higher low. Now what we have to observe is how high does the price action take the price. Also to be kept in mind that the Alberta fires can have a major impact on the economy since its the center for timber and oil
extraction and canada and plays a major role in supporting the canadian economy.