USD/CAD further downside expected
|The Canadian Dollar has been heading up against the Greenback since the start of the week with USD/CAD plummeting back into objective yearly open support. While currencies in general weighted against the USD do carry the broader risk remaining weighted to the downside, the immediate decline may be delayed here and we’re looking for price reversion off this zone These are the updated targets and invalidation levels that matter on the USD/CAD price charts.
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We present a trade idea below which we are currently in both the spot and the underlying currency:
Chart
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