USDCAD Reaching 2009 Highs
Watching the CAD this week to see if it breaks resistance at levels not seen since 2009. I am slightly biased toward a breakout upwards simply because the moving averages are now trending upwards as opposed to the last attempt made at this level years ago. That said, be very wary of a double top and fundamental factors that will change as the trading week continues.
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.