USDCAD POTENTIAL BUY
WATCH over the next day or two, I expect it to break out of it's current supply and demand zone, retest it and move upwards. The Eclipse on my chart is the expected Retest area.
Heavy resistance zone about 50-70 pips above current Supply & Demand zone, so take with caution.
BUT with CAD being a commodity currency, and oil starting to look bearish...i wouldnt doubt we see this go straight through the resistance stated above.
WATCH over the next day or two, I expect it to break out of it's current supply and demand zone, retest it and move upwards. The Eclipse on my chart is the expected Retest area.
Heavy resistance zone about 50-70 pips above current Supply & Demand zone, so take with caution.
BUT with CAD being a commodity currency, and oil starting to look bearish...i wouldnt doubt we see this go straight through the resistance stated above.