The Lonnie is Rushing to New Records
An important support level was broken at 1.33 for the USDCAD. The next key support level, which is now my target, is located at 1.3050. The 1.33 level was confirmed to be strong in July 2022, while 1.3050 has been a historically strong support level since June 2021. It was proven to be a strong one even in 2009 and 2004. Thus, I am considering opening new short positions below 1.33. To avoid unnecessary risks, I will place a stop loss order above this level.
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