USDCAD to find immediate relief early next week before breakdown
The dollar cad has broken one of the two levels we marked out last week, we think the 1.23 level could be next but price needs to find some short term relief to the upside before that can happen.
BEAR CASE
Price to find resistance at the 1.25 levels before going to test the 1.23 level.
BULL CASE
This could be the bottom for the pair and if it finds more momentum to the upside the level that is sticking out is the 1.30 level
BEAR CASE
Price to find resistance at the 1.25 levels before going to test the 1.23 level.
BULL CASE
This could be the bottom for the pair and if it finds more momentum to the upside the level that is sticking out is the 1.30 level
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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.