With my current view on Dollar strength we can now see USDCAD at a weekly area of support.
On the daily time frame price has taken out a previous low, with liquidity taken we should now see price gradually move to the upside.
We are now coming back into a monthly trendline that we have previously seen clear bounces from, last week we saw anti-risk currencies like the Dollar and Japanese Yen decline and the likes of the Australian Dollar rise. Even though I am expecting price to reverse from around this area I have to take into account the rising coronavirus cases that have been...