UsdCad: Price Respecting Resistance...Could Go Lower
Comments on the chart
Kommentar:
price has not proceeded downwards as expected despite the serious downmove of the DXY today. Idea is still in play though as the high if the inverse hammer or the resistance area has not been breached
Kommentar:
Price moved down today supporting the idea. I am still looking lower
Kommentar:
CAD is not gaining against the $ as much as the other major currencies are. This shows inherent weakness in CAD.
Kommentar:
Nice bullish candle on friday. I am still looking lower until I see a game changer move. CAD as been weaker than other comparable currencies so this weakness may continue
