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TheCaffeinatedTrader

Can USDCAD Break This Strong Monthly Suppoort?

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Dollar A.S. / Dollar Kanada (FX:USDCAD)  
TheCaffeinatedTrader  
FX:USDCAD   Dollar A.S. / Dollar Kanada
Trend Analysis Technical Analysis forexsignals Forex usdacad downtrend Bearish Patterns
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trendanalysis technicalanalysis forexsignals forex usdacad downtrend bearish
We already tested this point 2 times already and coming back now for the 3 attempt. Will this be the time that breaks it? If we do, I see price making its way down to 1.308 daily support level, coming back to retest that monthly level to confirm a new resistance and then retracing back down a strong weekly support at the 1.034 - 1.035 price level. Good luck and trade at your own risk.
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