USDCAD RETEST OF BOX SUPPORT TURNED RESISTANCE

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

USD CAD

usd cad-dollar

PRICE ACTION BROKE THE SUPPORT OF THE RANGE AND COULD NOW BE HEADING FOR A RETEST OF THAT LEVEL TO FORM RESISTANCE FOR A POSSILE SHORTING OPPORTUNITY TOWARDS 1.1950 AREA, HOWEVER IT DOES GO AGAINST THE GENERAL BIAS OF A BULLISH DOLLAR, THAT SAID FURTHER BULLISH ACTION FOR WTI OIL COULD HELP THIS TRADE BECOME FEASIBLE

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