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Olu

UsdCad: Price Respecting Resistance...Could Go Lower

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Olu Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns
1
0
trendanalysis chartpattern
Comments on the chart
Comment:
price has not proceeded downwards as expected despite the serious downmove of the DXY today. Idea is still in play though as the high if the inverse hammer or the resistance area has not been breached
Comment:
Price moved down today supporting the idea. I am still looking lower
Comment:
CAD is not gaining against the $ as much as the other major currencies are. This shows inherent weakness in CAD.
Comment:
Nice bullish candle on friday. I am still looking lower until I see a game changer move. CAD as been weaker than other comparable currencies so this weakness may continue

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Olu
UsdCad: Price Could Go Up From Here
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