This pair has already completed it's historical run-down (more or less); so what is next to happen...?
I personally think that it has already hit a very strong-support area (& would have great difficulties trying to move lower from here)...
We can observe the price of crude oil & strength of the Pound to reinforce our speculation for this pair... (If crude oil starts retracing lower from current high, then expect the CAD to start weakening in the process...)
I personally think that it has already hit a very strong-support area (& would have great difficulties trying to move lower from here)...
We can observe the price of crude oil & strength of the Pound to reinforce our speculation for this pair... (If crude oil starts retracing lower from current high, then expect the CAD to start weakening in the process...)
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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.