The Canadian dollar continues to create a pattern similar to what happened in the past
Canadian Dollar Technical analysis
As mention, last post: Canadian Dollar face in a very interesting situation
for the continuing trend
On all my USD CAD posts I
was talked on the long-term moves and try to Draw conclusions for the future on
this pair, we got the bounce and now my assumption s& scenario is a
bit complicated and you need to be ready for a lot of movements on
the USD CAD if 1.3260 area will not hold so the next target will be at
1.3170 area and even lower to 1.3100, break down again 1.2970 will confirm more
downside to 1.2830.
from the other side Support on
this area will confirm continued movement up
In my opinion, if you pay close
attention to the charts, you can see two identical cases, which occurred in the
past in a pair, will the third time be the same?
CAD trading pattern
If so, then I expect the
Canadian dollar to fall into those areas I mentioned, and then move back
towards 1.39
USD
CAD technical analysis:
now we are on the second leg - expecting for a bit recover and
then continue to fill this journey- the pattern will be failed
if USD CAD will break up again 1.3370 or break down 1.2830
break down 1.2830 will sen cad to 1.24+
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| USD CAD TECHNICAL ANALYSIS |
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice
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