dxy
indicator
trendanalysis
usd
usdcad
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With my current view on Dollar strength we can now see USDCAD at a weekly area of support. On the daily time frame price has taken out a previous low, with liquidity taken we should now see price gradually move to the upside.
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We are now coming back into a monthly trendline that we have previously seen clear bounces from, last week we saw anti-risk currencies like the Dollar and Japanese Yen decline and the likes of the Australian Dollar rise. Even though I am expecting price to reverse from around this area I have to take into account the rising coronavirus cases that have been...
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