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USDCAD rose by almost 22 big figures from last July's low before the first significant profit taking developed during February.
The resulting setback/consolidation remains limited though with less than half of January's gains reversed.
This weakness of the corrective move is further emphasised by the fact that prices remain 'hugging' the upper band of a positively trending weekly Keltner channel.
The expectation is that buying interest will resume with scope to projected points at 1.2966 then 1.…
The resulting setback/consolidation remains limited though with less than half of January's gains reversed.
This weakness of the corrective move is further emphasised by the fact that prices remain 'hugging' the upper band of a positively trending weekly Keltner channel.
The expectation is that buying interest will resume with scope to projected points at 1.2966 then 1.…
