USD/CAD dropped sharply for 14 hours – which is an excessively big movement for this instrument; exceeding the 98% of past price moves. Even if this move is a sign of a new trend in USD/CAD there is a chance that we will witness a correction, no matter how brief.
Related Posts
GBPCHF – breach of price line that’s been previously tested numerous times before
GBPCHF has broken through 1.0782 which it has tested numerous times in the past. We have seen it…
There is a possibility of a big movement on AUDNZD after a breach of the support
AUDNZD has broken through the support line which it has tested twice in the past. We have seen…
USDJPY likely to test 147.1170 in the near future. Where to next?
USDJPY is moving towards a support line. Because we have seen it retrace from this level in the…