USDCAD monthly. Is it reversing bearish, is it just retesting a broken resistance and it is going to rise again ? Hard to say.
My guess from a purely technical point of view is we are still going to fall, because it is already very expensive. But the pair is also clearly driven by fundamentals, that is oil prices crushing down.
Therefore no bias on that one, I am ready to trade it both sides.
My guess from a purely technical point of view is we are still going to fall, because it is already very expensive. But the pair is also clearly driven by fundamentals, that is oil prices crushing down.
Therefore no bias on that one, I am ready to trade it both sides.
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