A short called was filled on last week when the price tested 1.35 this level for few time.
Disappoint U.State non farm payroll trigger a strong sell off pressure and it bring the price revisit the last low (1.34100 ~1.34200)
Fundamental view on this pair,recent crude oil been slump due to uncertainty of production cut by OPEC ,plus yesterday U.State's Crude Oil
Inventories had increased 3.3 million barrels .Those issues increase the SUPPLY of Canadian Dollar.
For technical analysis, the price remain support around 1.35 physical level. IF the closed at 4 Hour timeframe still remain 1.35 above,
more likely the price will reach at 1.36 ..
Disappoint U.State non farm payroll trigger a strong sell off pressure and it bring the price revisit the last low (1.34100 ~1.34200)
Fundamental view on this pair,recent crude oil been slump due to uncertainty of production cut by OPEC ,plus yesterday U.State's Crude Oil
Inventories had increased 3.3 million barrels .Those issues increase the SUPPLY of Canadian Dollar.
For technical analysis, the price remain support around 1.35 physical level. IF the closed at 4 Hour timeframe still remain 1.35 above,
more likely the price will reach at 1.36 ..