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Latest Consensus On The Canadian Dollar

  • Latest Consensus On The Canadian Dollar

    As of last night, the latest consensus on the Canadian Dollar continued to deteriorate with optimism in the loonie at its lowest levels since 2001. In my opinion this as a contrarian opportunity and we should be looking for any attempt for the currency to recover and reverse course. On August 10th, I believe we saw the short-covering price action we’ve been waiting for with today’s move illustrating a potential bottom and shifting momentum to the upside. 1St resistance is at .7773 to .7781. 2nd resistance is .7888 to .7896.
    For More Questions Contact Travis Cochran 312.765.7238

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