USD/CAD:SELL From Bearish Channel For A New Push-Down SHORT
The USD/CAD pair attracts some sellers following an early uptick to the 1.3410 area dips into negative territory for the second straight day on Wednesday. The pair is currently placed near the daily low, around the 1.3370 region, and looks to extend the previous day's pullback from the weekly top.
The price is still inside a Bearish channel in a strong downtrend and our Idea is about a push-down in the direction of the main trend.
The price is still inside a Bearish channel in a strong downtrend and our Idea is about a push-down in the direction of the main trend.
Note
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.