Forex Marketz Daily Forex News – Fully Markets Update
USD/CAD (1.08382)
The Loonie is at a crossroads. On our daily chart, we are noting a Doji which means the sellers could be hesitating. This comes in near the level at 1.0855. A close below this level opens the doors for 1.07, which is a key technical level.
Looking at our 4 hour char below, a possible hammer failed. We got now confirmation. Without any bullish signals we are doubtful of a recovery during this current trading session.
