Prediction: With hype around the US/Iran deal wearing off, we are likely to see USD/CAD returning down towards weekly support levels. Recent highs and possibilities for further upside profits will attract buyers back to the market, therefore driving the price up to the levels of target 1 and main weekly resistance , and possibly rallying back towards recent highs . Potential to short the pair into downwards to the aforementioned weekly support levels at 1.2939 area.
Feedback, opinion and insight welcomed in comments.
Feedback, opinion and insight welcomed in comments.