Will USD/CAD drop even more???
Updated
USD/CAD has broke a weekly support level of 1.28250. Can it drop to a previous weekly level of 1.24250?
I'm sure we can all agree that it has been an interesting start to the new year. A ton of jobs have been lost unfortunately due to COVID-19 and the number continues to increase. With that being said I am curious about the NFP results tomorrow.
I do feel price will continue to drop to levels 1.25500 & 1.25250 but we will see.
Play it smart because the market does what it wants to do!
I'm sure we can all agree that it has been an interesting start to the new year. A ton of jobs have been lost unfortunately due to COVID-19 and the number continues to increase. With that being said I am curious about the NFP results tomorrow.
I do feel price will continue to drop to levels 1.25500 & 1.25250 but we will see.
Play it smart because the market does what it wants to do!
Note
NFP 1/8*Note
Price is stalling around the 1.26750 level. If it breaks 1.26500 I'll be looking for continuation to the downside and if it decides to break the 1.27250 level and close on the 4hr I will look for possible entries to the upside.
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