Trading Strategies

USD/CAD Weekly Outlook

USD/CAD edged lower to 1.2629 last week as down trend resumed. But it quickly lost momentum and recovered. Initial bias is neutral this week for some consolidations first. Outlook will stays bearish as long as 1.2797 resistance holds. On the downside, break of 1.2629 will resume the larger down trend from 1.4667 to 100% projection
The post USD/CAD Weekly Outlook appeared first on Action Forex.

USD/CAD edged lower to 1.2629 last week as down trend resumed. But it quickly lost momentum and recovered. Initial bias is neutral this week for some consolidations first. Outlook will stays bearish as long as 1.2797 resistance holds. On the downside, break of 1.2629 will resume the larger down trend from 1.4667 to 100% projection […]

The post USD/CAD Weekly Outlook appeared first on Action Forex.

Leave a Reply