USDCAD Forex Weekly - 10 - 14 Aug 2020
USD/CAD extends its side trend consolidating Friday’s around 1.3400 resistance key level on upper line.
Bulls struggle to extend the upside above the 1.3400, as the Canadian dollar continues par with the rally in WTI prices.
However we are looking at price to run on downtrend channel if price fail to break above upper line and targeting key level support at 1.33 median line.
Bulls struggle to extend the upside above the 1.3400, as the Canadian dollar continues par with the rally in WTI prices.
However we are looking at price to run on downtrend channel if price fail to break above upper line and targeting key level support at 1.33 median line.