Canadian Dollar is weak, like its people
kidding aside.. CAD in trouble it looks like. Oil numbers have not been great to my neighbor in the north. Friend asked me to have a look sooo
as for the chart there are a lot of not good thing going on here.. three drive pattern, into a double top + a trendline break AND bad oil numbers. man
the double top minimum target, taken in its own context ,without the trendline break is 1.305, which lines up with an order block.
however a long standing trend line broke its very very possible that 1.295 -1/297 is visited in the near term.
If USD get some bad impactful news and gets sold off. ide think max target might be 1.318
the low of august is possible to revist due to this break if you trade that far into the future
as for the chart there are a lot of not good thing going on here.. three drive pattern, into a double top + a trendline break AND bad oil numbers. man
the double top minimum target, taken in its own context ,without the trendline break is 1.305, which lines up with an order block.
however a long standing trend line broke its very very possible that 1.295 -1/297 is visited in the near term.
If USD get some bad impactful news and gets sold off. ide think max target might be 1.318
the low of august is possible to revist due to this break if you trade that far into the future