USDCAD might rebound or break to the downside
It looks like USDCAD hit another support this week. It is 3rd higher low in this market with tendency towards sell.
The scenario I see playing out, look for a rebound from the current level to 1.1320 for another resistance. Enter short positions at these levels with the stop at 1.1470. Sell stop below 1.1175 -the recent lows.
The scenario I see playing out, look for a rebound from the current level to 1.1320 for another resistance. Enter short positions at these levels with the stop at 1.1470. Sell stop below 1.1175 -the recent lows.
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