The pair could retrace as far as 1.241 before the rally continues. Lets see what happens as 1.25 is tested, next key level after 1.25 is 1.246 Keep your eye on oil for this commodity currency , should USOIL make a comeback to retest the high this pair could head back to its previous low
I'm more conservative, i think i will wait for the 1.26. I think it's safier. But i can see a general apreciation of dollar. i'm short on GBP/USD and i will follow USD/CAD to see what happens.
Thank you a lot for your forecasts.
Eddied01
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@OCI, Pleasure. Like most things in life and nowhere more so in the markets every coin has two sides. USDCAD may yet try and break previous low of 1.206...
Thank you a lot for your forecasts.