UsdCad: Price Respecting Resistance...Could Go Lower

Short

Dollaro / Dollaro canadese (FX:USDCAD)

Aggiornato

FX:USDCAD Dollaro / Dollaro canadese

Trend Analysis Chart Patterns

trendanalysis chartpattern

Comments on the chart

Commento:

price has not proceeded downwards as expected despite the serious downmove of the DXY today. Idea is still in play though as the high if the inverse hammer or the resistance area has not been breached

Commento:

Price moved down today supporting the idea. I am still looking lower

Commento:

CAD is not gaining against the $ as much as the other major currencies are. This shows inherent weakness in CAD.

Commento:

Nice bullish candle on friday. I am still looking lower until I see a game changer move. CAD as been weaker than other comparable currencies so this weakness may continue

Idee correlate

about USDCAD

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