USD CAD, target achieved earlier than expected
We are not sitting on the support trendline and current candle shows a BULL rejection and therefore we should expect further falling and trading off bounds. Quite uncertain at this point as CAD is quite correlated to oil prices and they have skyrocket from 61ish to 68ish in 3 sessions.
On the other hand the USD has softened a bit but all may change abruptly on the Jackson Hole Summit.
Possible target around 1.2578 for bears and back to 1.29+ for bulls. Can't recommend anything at this point, mixed feelings and signals.
On the other hand the USD has softened a bit but all may change abruptly on the Jackson Hole Summit.
Possible target around 1.2578 for bears and back to 1.29+ for bulls. Can't recommend anything at this point, mixed feelings and signals.
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