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Where's support for the $CAD

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  • farming101
    Senior Member
    • Mar 2011
    • 3954
    #11
    Originally posted by beaverdam View Post
    Well farming101, it's through 0.6981, currently at 0.6908, now where do we go.
    Are we going back to 0.6200 where we hit during the last sell-off.
    Image all the money Soros is making !
    This move which has been ongoing since the Sept 8/17 high of .8289 indicates a low of about either side of .66. If that falls it initiates the resumption of a very old pattern which would include the low you mentioned. With the passing of time the low off that pattern is now in the .56 range

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      • beaverdam
        Senior Member
        • Mar 2018
        • 1451
        #12
        Originally posted by farming101 View Post
        This move which has been ongoing since the Sept 8/17 high of .8289 indicates a low of about either side of .66. If that falls it initiates the resumption of a very old pattern which would include the low you mentioned. With the passing of time the low off that pattern is now in the .56 range
        Yep !

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