USDCAD Possible reversal or Further Downside
Price has hit S3 - which means if it breaks above trendline then there are good chances of reversal and upside.
Although the price has hit S3, it has also broken below the support line - which means further downside is imminent if the price doesn't break above the trend line.
Supply and demand for oil driven by Coronavirus pandemic is the major deciding factor here.
A trend indeed is a friend indeed?
Although the price has hit S3, it has also broken below the support line - which means further downside is imminent if the price doesn't break above the trend line.
Supply and demand for oil driven by Coronavirus pandemic is the major deciding factor here.
A trend indeed is a friend indeed?
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