FX.co ★ bridget.franecki | TST as the Foundation for Medium-term Trading

Well, usd/cad we assumed yesterday that it could continue to decline towards the lower boundary of the channel, it went even lower and that’s good, we’ll figure out who allowed that to happen :))). The fact that we were breaking below the yellow trendline pointed to this decline; today I forgot to draw it, but that’s fine, we’ve already passed it. At the moment, the levels, even though there is no mandatory zone and it seems like there’s nothing pressing from above, we can very well take a walk lower, into the 1.3990 area. The continuation of the decline through the level of yesterday’s broken channel boundary around 1.4065 looks especially good and interesting.