A bit indecisive on this pair as CAD gained a lot of strength last week and beat economy expectations. Price still has about 90 pips of space until reaching its daily trend line
around 1.2300 support level
. Price may bounce from that trend line
as it has many times in the past. If we see a break below this trend line
this pair will have a lot of downside potential. Price closed on Friday under 1.2400 support level
/ 38.2 zone, now turned resistance. Moving averages crossed to the down side as well, Let me know what you think about this pair if I am missing any key indications!!
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