We have been looking for for this market to move lower from the key resistance of 0.7570, with the BOC holding interest rates at 1.75% we saw the market move significantly lower taking at the previous daily structure lows.
Currently, price is sitting at the daily 127.2 extension where we could see some short-term support before seeing a continuation down the weekly support of 0.7262.
Currently, price is sitting at the daily 127.2 extension where we could see some short-term support before seeing a continuation down the weekly support of 0.7262.