Price closing below ~1.30762 implies continuation of current downtrend in the USDCAD
The 1.30762 price level provides level of support that is crucial to future development of price action in the USDCAD. A close below provides a next potential target at the 1.28085 price level. A retracement of the current downtrend is therefore anticipated if there is lack of follow through to the downside.
The 1.30762 price level provides level of support that is crucial to future development of price action in the USDCAD. A close below provides a next potential target at the 1.28085 price level. A retracement of the current downtrend is therefore anticipated if there is lack of follow through to the downside.
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