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Usdcad - Daily chart - I see price struggling in a daily supply zone so I am expecting a sharp drop for this pair.
The US Dollar has been motoring over the Loonie for a while now and it has reached a demand point which has shown to be a turning point. We could see this pair going down to possibly 1.25000 psychological level.
UsdCad - Daily time frame - Longs in play due to the simply bullish structure on daily time frame and usd strength and oil weakness.
Already made alot of points on this pair and i can see this melting even further as it had broke another major support line.
Let me know your thoughts!
Okay guys firstly it is NFP tomorrow, however USDCAD daily chart is indicating a swing in play. Therefore following technicall analysis we should see a weaken dollar, I would suggest to expect to see lows of 1.28500 within next week.