ANALYSIS: USDCAD BREAK OR BOUNCE?
USDCAD is fastly approaching the key 1.3300 support level again as the price of oil continues to push higher.
With the USD at resistance, we could see price break below the key support. If we see this happen and the market
does close below, look for short opportunities on a lower timeframe at the resistance. With Oil close to resistance we could
also see this level hold with price action being the key here.
With the USD at resistance, we could see price break below the key support. If we see this happen and the market
does close below, look for short opportunities on a lower timeframe at the resistance. With Oil close to resistance we could
also see this level hold with price action being the key here.
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