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USD/CAD takes a look below key trendline support to start the week

The pair has heavily respected the key trendline support (white line) from the November and early February lows over the past few months. But sellers are looking to make a play now in pushing below that as we get into what will be a blockbuster week for markets.For me, I'm not going to be too convinced in chasing a technical break without confirmation of the main events from later this week. So, even with a potential break, buyers are not out of it yet as the dollar could still be set for a turn... Read More

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Content Topics

Usd

Cad

Takes

Look

Below

Trendline

Support

Start

Week

Usd cad

Forex

Posted: Jun 12 2023, 10:49

Author Name: forexlive

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