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USDCAD - Where To Buy?
It is not easy for the bulls in the USDCAD at the moment. Since the reversal candle on August 5, 2024, the price has only known one direction: down, without any significant corrections.
Is now the time to go long USDCAD? In our view, this would be premature.
We assume that the price will test the area of just under 1.33 before there is a significant return to the upside.
This is an analysis based on the daily chart, so it does not stand in the way of short-term long scalps.
Is now the time to go long USDCAD? In our view, this would be premature.
We assume that the price will test the area of just under 1.33 before there is a significant return to the upside.
This is an analysis based on the daily chart, so it does not stand in the way of short-term long scalps.
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