The dollar cad traded is largely range bound this week. The coming week should see a break of trend to either side but our bias is to the downside as structurally on the longer term charts, it looks bearish.
BEAR CASE
If bears find conviction, we should see a retest of 1.2 before some consolidation and more downside.
BULL CASE
As we enter the first week of November, do not be surprised to see price retest 1.25 before the bear case is fulfilled.
BEAR CASE
If bears find conviction, we should see a retest of 1.2 before some consolidation and more downside.
BULL CASE
As we enter the first week of November, do not be surprised to see price retest 1.25 before the bear case is fulfilled.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.