I see CAD going down every moment from now to around 0.71000.
The price went up very aggressive, but is reaching to a weekly support in combination with movement to top of channel.
Down movement is the most logical explanation, looking at the chart. A retracement is very likely in my opinion.
RSI on daily, H4 and lower timeframes all point to overbought conditions. Also, weekly RSI almost points to overbought condition as well.
The price went up very aggressive, but is reaching to a weekly support in combination with movement to top of channel.
Down movement is the most logical explanation, looking at the chart. A retracement is very likely in my opinion.
RSI on daily, H4 and lower timeframes all point to overbought conditions. Also, weekly RSI almost points to overbought condition as well.