This pair has already completed it's historical run-down (more or less); so what is next to happen...?
I personally think that it has already hit a very strong-support area (& would have great difficulties trying to move lower from here)...
We can observe the price of crude oil & strength of the Pound to reinforce our speculation for this pair... (If crude oil starts retracing lower from current high, then expect the CAD to start weakening in the process...)
I personally think that it has already hit a very strong-support area (& would have great difficulties trying to move lower from here)...
We can observe the price of crude oil & strength of the Pound to reinforce our speculation for this pair... (If crude oil starts retracing lower from current high, then expect the CAD to start weakening in the process...)
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