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Intraday: Bearish
* Technical Analysis
* Preference: A sell trade is envisaged if price trades below 1.39193 with take profit at 1.38943
* Alternative scenario: A buy trade is envisaged if price trades above 1.39548 with take profit at 1.39997
* Fundamentals:
No major economic data with direct bearing on the currency pair
Comment: The pair is envisaged to break to the downside of a descending triangle formed on the 4H chart as the Loonie is expected to benefit immensely from the recent supply cut from OPEC and it’s allies.
Analysis: Education Team
