USDCAD. Fast the seat belt and be ready to fall..
forecast:
While the price is below the resistance 1.3665, beginning of downtrend is expected.
We make sure when the support at 1.3070 breaks.
If the resistance at 1.3665 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.3505 to 1.3535).
Take Profits:
1.3405
1.3330
1.3280
1.3180
1.3070
1.2915
1.2775
1.2525
1.2250
1.2060
While the price is below the resistance 1.3665, beginning of downtrend is expected.
We make sure when the support at 1.3070 breaks.
If the resistance at 1.3665 is broken, the short-term forecast -beginning of downtrend- will be invalid.
Trading suggestion:
There is possibility of temporary retracement to suggested Sell Zone (1.3505 to 1.3535).
Take Profits:
1.3405
1.3330
1.3280
1.3180
1.3070
1.2915
1.2775
1.2525
1.2250
1.2060
Penafian
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