The Traderszone Network

Published in TZ Latest News 3 August, 2017 by The TZ Newswire Staff

If the bounce in USD/CAD falls flat, it could mean a world of hurt

Today’s bounce in USD/CAD has fallen flat
You can usually guess how far a market will fall based on how high the bounces are.
USD/CAD took a swan dive to 1.24 from 1.38 in May but the bounce looks like it could be snuffed out at 1.26. That’s the dead-cat variety of bounce and means the USD/CAD bears