View full page at forexfactory.com

 

Canadian Dollar Price Outlook: USD/CAD Free-Fall Slows- Loonie Levels

From dailyfx.com

The Canadian Dollar is attempting to mark a the third consecutive weekly advance against the US Dollar with USD/CAD off by more than 0.3% heading into the close of the week. The decline takes price into the first support hurdle with central bank rate decisions on tap from both the BoC and the FOMC next week. These are the updated targets and invalidation levels that matter on the USD/CAD price charts. Review my latestWeekly Strategy Webinar for an in-depth breakdown of this Sterling price setup and more. In my latest Canadian Dollar Price Outlook we noted that USD/CAD was approaching key near-term support at, ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis