USDCAD 09/06/2017

6 set 2017

09/06/2017: Today we took out key support of 1.22 once the new was release. There are a few options to look at here. 1. We can expect a retracement and retest 1.25 before making a new lower low. The other thing to watch out for is that we might have fallen into a fresh demand zone created in May 2015, if the demand zone hold we could see a violent reversal to 1.3400 I will be on the side lines on this pair until some type of retrace has occured.