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The price after breaking the
up channel, at 9340 the price
formed a resistance, after
hitting a few times, became a
confirmation of bearish
Now the price has started to
form a down channel. (Last post)
I waited to see how the
price reacts to resistance,
it seems to be positive and
respect the down channel.
Hoping to see some breakouts on this pair next week. If we do, USDCAD will be a great trade for 2020, not jumping into this one just yet, waiting for more conformation.
An update of the DXY chart previously made. Just with added confluence. Could see a nice solid American attempt to trap as many dollar bulls as possible into the Mid-September rate cuts looming over that insurmountable debt climbing exponentially at about $2,000,000/second.
