USD/CAD crashes
BoC's Wilkins hints at first rate hike in 7 years
Note
UCAD stll down ~80 pipsIf this drop continues, I think it’s likely we’ll see the market fall below the demand zone and move down to the point where the low that formed on the 24th Feb was created.
A strong reaction with big bullish candles will indicate a move back up to the highs, but a subdued reaction with small bullish and bearish candles will be a signal the market may break through the low.
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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.