USDCAD - Hold tight
Updated
Price has shown strong rejection at Monthly resistance zone breaking Daily uptrend line, which then bounced back and forth between recent Daily support and resistance forming early pennant formation.
There is strong possibility that it will continue to go further down to the next Daily support. It is wise to actually wait what happens with the pendant formation and let the market show its real intention.
There is strong possibility that it will continue to go further down to the next Daily support. It is wise to actually wait what happens with the pendant formation and let the market show its real intention.
Note
As indicated before that price continue to go South to the next Daily support. Ready for the next momentum to go further South.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.