We believe that the pair will be moving bearish for the following reasons:
we seen that aver bullish movement the pair had broken out of its bullish trend line and has now come back to retest the pervious support now being resistance.
the market has moved to the resistance zone of 1.27600 -1.27900
The resistance zone is also a well the same level at the 61.8 fib level
take profits are green lines and we have 3 for the time being
Fundamentals to look out for
TUESDAY, FEBRUARY 8
13:30
USD Goods and Services Trade Balance(Dec)
CAD International Merchandise Trade(Dec)
more news available on fx street.
we seen that aver bullish movement the pair had broken out of its bullish trend line and has now come back to retest the pervious support now being resistance.
the market has moved to the resistance zone of 1.27600 -1.27900
The resistance zone is also a well the same level at the 61.8 fib level
take profits are green lines and we have 3 for the time being
Fundamentals to look out for
TUESDAY, FEBRUARY 8
13:30
USD Goods and Services Trade Balance(Dec)
CAD International Merchandise Trade(Dec)
more news available on fx street.