Hello guys,
Looks like we are in a triple correction on the $CAD...Price completed a B @ 1.3055 (key resistance) now we are making our way down for the C move minimum 100% extension of AB which brings us down to key support @ 1.2800. This move may also be in line with big CAD news coming out this week. If Bank Rates remain unchanged this could add fuel to the fire and a continuation to the downside.
Please any comments/constructive feedback would be greatly appreciated.
Looks like we are in a triple correction on the $CAD...Price completed a B @ 1.3055 (key resistance) now we are making our way down for the C move minimum 100% extension of AB which brings us down to key support @ 1.2800. This move may also be in line with big CAD news coming out this week. If Bank Rates remain unchanged this could add fuel to the fire and a continuation to the downside.
Please any comments/constructive feedback would be greatly appreciated.