USDCAD has finally broken out of a 2 month major consolidation pattern and has begun a downtrend. As price broke, and closed below a strong support zone, more downside is to be expected.
This week, we could look to sell USDCAD again if price retraces back to demand turned supply zone.
Next point of major support could be seen at 1.3532 - 1.3450.
This week, we could look to sell USDCAD again if price retraces back to demand turned supply zone.
Next point of major support could be seen at 1.3532 - 1.3450.
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