Forecast:
- According to the previous events, the USD/CAD pair is still moving between 1.1210 and 1.1003. It should be noted that the trading recommendations today will give its effect in the long term. Also, we should remember that history will probably repeat itself at this level again.
- Sell below the level of 1.1210 with the first target at 1.1095, then it will be continued towards 1.1103 in order to test this strong support.
- Buy above the level of 1.1003 (if the trend fails to close below the strong support) with target at 1.1155, then at the price of 1.1200.
Warning:
- Please check out the market volatility before investing, because the sight price may have already been reached and scenarios might have become invalidated.
Notes:
- Key level is at 1.1210.
- We expect a range about 105 pips from today till tomorrow.
