the Loonie is currently overbought on the D1 and H1 charts (Stochastics) and by my view has currently hit the top of a channel.
We could see a retracement to 1.37657 initially, however it could be further downside to as far as 1.36737
Exercising caution as always with this pair as it always remains volatile.
best of luck
The price is in a Bearish descending channel however, I believe it is time for a retracement. (Inverted Head & Shoulders)
The Stochastics (6.3 / 5.4 Friday) suggested it is oversold on the Daily chart, and so i expect it to reach the 1.16375-400 range, which may continue to 1.16600 today.
