USDCAD has retraced back to the breakout point of it's 6-month downward trendline, back to a strong support zone, which coincides with the 78.6% level retracement.
With oil prices hovering below $40 after breaking below key channel, and the Canadian economy being heavily reliant on Oil prices, the effects should be seen in Canada's currency.
This week, should the current support hold, we could look to buy USDCAD again, however, should price break current support, next level of support could be seen at the previous low at 1.300.
With oil prices hovering below $40 after breaking below key channel, and the Canadian economy being heavily reliant on Oil prices, the effects should be seen in Canada's currency.
This week, should the current support hold, we could look to buy USDCAD again, however, should price break current support, next level of support could be seen at the previous low at 1.300.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.