It looks like USDCAD hit another support this week. It is 3rd higher low in this market with tendency towards sell.
The scenario I see playing out, look for a rebound from the current level to 1.1320 for another resistance. Enter short positions at these levels with the stop at 1.1470. Sell stop below 1.1175 -the recent lows.
The scenario I see playing out, look for a rebound from the current level to 1.1320 for another resistance. Enter short positions at these levels with the stop at 1.1470. Sell stop below 1.1175 -the recent lows.
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