USD/CAD broke strong resistance around 1.39 this week and drop sharply to next support where it is now. Price is deciding whether to drop further more or bounce of this support. CAD has seen some boost from oil prices as oil prices are going so does CAD. However, price right now is oversold and could see some correction in near future.
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Let us know what you think about this idea and don't be shy to leave a comment as we always try to reply to them :)
Don't forget to follow us here and like our ideas as it helps to grow our channel. This week has been really busy for our team as we are making our new webpage and as well Telegram Channels. Hopefully we will launch it in very soon future and then we will have much more ideas to publish here on Trading View and on Twitter .
Good luck with you trades !
