USD/CAD fell again on Tuesday, making a push towards the 0.9450 support area. The level is significant as it is the last bit of resistance between current levels and the all-time lows. A bounce here isn’t out of the question, and would be expected by many. Because of this, we are looking for rallies to sell. A close below the support level has us going all the way down to the 0.90 handle for it is all said and done.
Written by ForexMansion.com