The Canadian dollar picks up momentum as oil precise stays above $67.00. “Canada is headed for a federal election on 20 September. Historically, political developments hardly impact CAD which is more inclined to react to global macro metrics in the likes of commodity prices and terms of trade.”
The price has already retested support on an hourly basis, so there is every chance that the horse may have already bolted, (but buying at resistance is never a favourable strategy).
Waiting for opportunities in good price. on a retest of the support structure 86.60 and 85.50-85.75 area, bulls can target the daily liquidity area near 88.20-88.45.
The price has already retested support on an hourly basis, so there is every chance that the horse may have already bolted, (but buying at resistance is never a favourable strategy).
Waiting for opportunities in good price. on a retest of the support structure 86.60 and 85.50-85.75 area, bulls can target the daily liquidity area near 88.20-88.45.
Nota
1 order entry at support line 86.60, target at price 87.80.Still waiting another support zone 85.50 - 85.75 if the price drops there.
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