In line with stabilization in oil, Loonie embarked on a pullback which took it from near 1.47 to below 1.34 levels. With 1300+ pips, this is the largest pullback in the pair since the uptrend began in 2011.
The pair is currently holding just below the 1.345 - 1.35 band, which includes September 2015 high, 23.6% retracement of the aforementioned uptrend and 1.35 big figure level. 1.325 - 1.33 (November - December pivot, 200 DMA, 76.4% retracement) is the next stronger level to watch before 2014 -…
The pair is currently holding just below the 1.345 - 1.35 band, which includes September 2015 high, 23.6% retracement of the aforementioned uptrend and 1.35 big figure level. 1.325 - 1.33 (November - December pivot, 200 DMA, 76.4% retracement) is the next stronger level to watch before 2014 -…