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KaltoireCapital

USD/CAD Bears are strong; 1.34 possible target

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
KaltoireCapital  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Beyond Technical Analysis USDCAD usdcadshort usdcadforecast usdcadanalysis usdcadlong
48
1
trendanalysis chartpattern beyondta usdcad usdcadshort usdcadforecast usdcadanalysis usdcadlong
Based on the theme of broad-based US Dollar weakness since the last two weeks, USDCAD bears have broken a very important Support level as shown in the chart.

So, it is possible that USDCAD Bears may enter the picture again and continue to push the price lower till the 1.34 level.

Related Ideas

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USD/CAD Price Outlook| Drop to 1.34 is back in picture
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USD/CAD Bears are getting closer to the target 1.34
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