Showing signs of Rejection in Sell Zone - Flag Forming
CAD is now in a sell zone on some weekly and monthly resistance, we are starting to see evidence of rejection in this. Picking up a range of support and resistance. Sell from the top of the Flag and if their is a breakout then you could look at a Longer term Downside move.
If BOC fail to lift interest rates this week then you will see a Large Bearish move back towards the 86 mark as a first Target.
If BOC fail to lift interest rates this week then you will see a Large Bearish move back towards the 86 mark as a first Target.
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