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USDCAD - PREDICTION
U.S. Dollar / Canadian Dollar
Short
USDCAD - PREDICTION
By RealistFX
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Dec 6, 2020
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Dec 6, 2020
The Loonie broke the weekly support and we saw a freefall below 1.30.
Really cannot see the USDCAD breaking back above 1.30 now with the DXY crumbling and oil prices climbing.
The only question is where the pullback ends.
I've highlighted a 1hr zone of interest in yellow, where price stagnated creating a potential shelf for price to retest.
However, should this break, we should see a retest of the weekly support turned resistance before a further impulse.
Remember, even though we expect a slight push up, we trade with the trend!
CAD
Chart Patterns
Harmonic Patterns
loonie
Trend Analysis
UC
USD
USDCAD
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