USD/CAD has a large drop until the $1.3085 CAD
At the moment, we see a large drop into my target profit of 300 pips. Now, if you see the fundamentals, we see a USD so bearish in all pars, because one point key is the U.S. coronavirus cases. So, in H1 timeframe there are not signal that price want to going so bullish. So, the trend is so bearish.
So, following this structure, we see a model of elliot wave correction that the price it's want to go donw of $1.3085, and incluse the $1.30 CAD. Because the situation of United States it's continue so bad for support the economy.
Now, there are a fundamentals to take in noticed:
1. Dollar down even amid rising covid-19 cases.
2. Dollar steady ahead of services sector data, rising stocks sink yen and investors awaited data expected to show the U.S. services sector stopped contracting, which would further lift hopes virus crisis in United States.
3. Canada shond focus on boosting the economy even as debt climbs analyst say included that even as concerns about the sustainability of it's debt are growing.
So, that fundamentally are respald in short term that USD currencies are bearsh for fundamentals, so all pars are so bearish to analyst it.
In that technical analysis, I will make in the past week an analysis of there, because I still in short until the past week.
So, following this structure, we see a model of elliot wave correction that the price it's want to go donw of $1.3085, and incluse the $1.30 CAD. Because the situation of United States it's continue so bad for support the economy.
Now, there are a fundamentals to take in noticed:
1. Dollar down even amid rising covid-19 cases.
2. Dollar steady ahead of services sector data, rising stocks sink yen and investors awaited data expected to show the U.S. services sector stopped contracting, which would further lift hopes virus crisis in United States.
3. Canada shond focus on boosting the economy even as debt climbs analyst say included that even as concerns about the sustainability of it's debt are growing.
So, that fundamentally are respald in short term that USD currencies are bearsh for fundamentals, so all pars are so bearish to analyst it.
In that technical analysis, I will make in the past week an analysis of there, because I still in short until the past week.
