The massive down move in USDCAD caught many traders off guard and including me. Was not expecting, such a sharp reversal on this pair and that too without any reasonable retracement.
This week price reacted at an important demand zone, as this is the zone which actually initiated the last up move, so I would be looking to buy this pair in coming days based on any shallow retracement and signs of strength based on price action.
This week price reacted at an important demand zone, as this is the zone which actually initiated the last up move, so I would be looking to buy this pair in coming days based on any shallow retracement and signs of strength based on price action.