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Is the Canadian Dollar About to Roar?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Canadian Dollar has experienced a torrid few weeks as the pair’s sentiment has suffered numerous blows due to the ongoing rout in global energy prices. However, the charts are signalling some interesting opportunities ahead as price action breaks lower towards the long run trend line. Subsequently, there is mounting speculation that the currency pair is about to roar and that a bullish leg could be ahead. Taking a look at the technical indicators shows a pair that has recently been on the

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