Hi all,
Here is a quick update on the USDCRC pair. In recent weeks the trend has been down until the lowest level was reach marking what was probably the lowest since 2017. With that in mind the correction that will happen next is going to be massive and I expect the price to rally towards the 750ish level which is the normal price without speculation.
The highest seen was around 692 so it would be safe to assume that price needs to be reached first before moving up. The main change will happen when the trend is reverted and if the former uptrend channel is reach above 720 price it will likely attempt to hit the upper line in the channel moving the price close to 750.