USDCAD A.k.a The Loonie Has some Further Downside Potential. After the 160+ Pip move Last Friday on Strong CA Data and Weak US Data, We saw a huge sell off and a slight pullback. On the Hourly Timeframe we have a MA Cross and A Clean Break of the Trendline. I already have some Short Running and have now added to my positions hoping to achieve the Target 2 which also coincides with the -61.8% extension target and a key area of support at 1.2200.
We Have US PPI Data Later This week. Will this Push the Loonie Down Further??
USDCAD
We Have US PPI Data Later This week. Will this Push the Loonie Down Further??
USDCAD