The US
Dollar versus the Canadian Dollar continued falling and breaks below the 1.2200
level. On the one chart we can see that the price is currently pulling back to
that same level of the 1.2200, which could become a good resistance area. Let’s
be attentive to a possible bounce to the downside from there and a continuation
of the bearish momentum on this pair. If the pair does bounce to the downside,
its next support level could be the 1.2100.
Good analysis.
ReplyDeleteDownside target can be at 1.2115.
ReplyDeleteLooks like it will keep pushing lower.
ReplyDeleteGreat assessment of the trade.
ReplyDeleteI don't think this is the end to the move to the downside.
ReplyDeleteGreat analysis.
ReplyDeleteI think this is very interesting information.
ReplyDelete