The US
Dollar versus the Canadian Dollar goes back up to the 1.4100 level. That level
may act as resistance and price may try to bounce to the downside from there. A
little bit above the 1.4100 level, we can see the 21 day exponential moving
average, which could also contribute in turning the area into resistance. However,
if the price breaks to the upside, then the 1.42 or the 1.43 could act as
resistance. To the downside, the 1.3900 zone could act as support.
The move to the downside continues for now.
ReplyDeleteThank you for the analysis!
ReplyDeleteGood point! I´ll be watching to those levels.
ReplyDeleteIt could be at a good turning point.
ReplyDeleteDownside it is.
ReplyDeleteExcellent analysis, thank you.
ReplyDeleteGood analysis.
ReplyDeleteGreat post! Thank you!
ReplyDelete