200 days MA next target
USDCAD has moved below the support area and lower times of the week (less than 1.2568 – see previous post here). The low price has reached 1.2551. The next target will arrive in 200 days at MA 1.2535. The price of USDCAD has not traded for less than 200 days since August 16.
Stay below the lowest of the week – 1.2568 is the best case scenario for shorts. Being below the lowest point of the swing area of 1.25778 is another risk objective.