The dollar is weakening. Against this background, the Canadian dollar is strengthening, which puts pressure on the price of the currency pair.
The key support is 1.3566. Breakdown of the level will strengthen the sell-off
The price is descending by “steps”. Consolidation - distribution, consolidation - distribution.
From the current range of 1.365 - 1.3566 I expect the same thing: downward momentum.
Scenario: consolidation and price sticking to 1.3566, decrease in volatility and squeeze to the urvon may lead to a breakdown and a fall.
The key support is 1.3566. Breakdown of the level will strengthen the sell-off
The price is descending by “steps”. Consolidation - distribution, consolidation - distribution.
From the current range of 1.365 - 1.3566 I expect the same thing: downward momentum.
Scenario: consolidation and price sticking to 1.3566, decrease in volatility and squeeze to the urvon may lead to a breakdown and a fall.
❤️ Telegram channel: t.me/AndeWave
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.
❤️ Telegram channel: t.me/AndeWave
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.