USDCAD Weekly Outlook
Updated
Price been in long term downtrend for months. After a deep pullback it looks like price is on course to moving lower and putting in a potential lower low long term at 1.2360.
Nearer term downside targets are
1st 1.2590
2nd 1.2520
3rd 1.250 and if that breaks then 1.2360.
Nearer term downside targets are
1st 1.2590
2nd 1.2520
3rd 1.250 and if that breaks then 1.2360.
Note
Targets 1 & 2 achieved still anticipating 3rd downside target to be met once price breaks out of weekly rangeTrade closed: target reached
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