The dollar cad saw strong buying off the 200MA and this upside could continue farther. However, we think this upside move will be capped. In proven otherwise, we will control risk and evaluate.
BEAR CASE
We think the price might fake out to the upside before dumping down to our bear targets at 1.25 and 1.23
BULL CASE
If price sees conviction to the upside, we think that the 1.30 level will form a strong resistance for the pair.
BEAR CASE
We think the price might fake out to the upside before dumping down to our bear targets at 1.25 and 1.23
BULL CASE
If price sees conviction to the upside, we think that the 1.30 level will form a strong resistance for the pair.
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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.