SoryKaba

Cad heading into a risky zone

TVC:CXY   Kanadensiska dollar valutaindex
The cad bullish momentum is going to be tested within the zone because it heading towards a major resistance zone. This zone has rejected several trends, causing bearish momentum in the past

Now would be the best time to test for the bearish emergence being that the cad is another safety currency. As the market's fears over the viruses ease more the cad might not look as favorable anymore and there could be huge profit-taking and shifting of currency demand.

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