I've been looking at this pair for quite a while. After breaking the uptrend it started forming since the third quarter of 2017, USDCAD seems to have retested and rejected the 1.32200-1.31700 area by leaving a gravestone doji on the daily chart last Friday. There is definitely an interesting week ahead since there are over 56% sellers on the market already, and the Federal Reserve prepares for their first rate cut in a decade.
What do you think, will we have a bearish momentum like the June 2017?
What do you think, will we have a bearish momentum like the June 2017?
