Tests a swing area on the weekly chart
The USDCAD is sharply lower and trending to the lowest level going back to early 2018. The pair is testing some swing lows between 2016 and 2018 at the 1.2413 to 1.24606 area. Move below and it opens up more downside potential with the swing low from 2018 at 1.22445 and the swing low
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.
We and our partners store and/or access information on a device, such as unique IDs in cookies to process personal data. You may accept or manage your choices by clicking below, including your right to object where legitimate interest is used, or at any time in the privacy policy page. These choices will be signalled to our partners and will not affect browsing data.
We and our partners process data to provide:
Use precise geolocation data. Actively scan device characteristics for identification. Store and/or access information on a device. Personalised ads and content, ad and content measurement, audience insights and product development.