USDCAD has completed 2 waves of retracement and got resisted at the top of a falling trendline early this week before starting a downtrend.
Price has also broken a rising trendline indicating that there could be room for more downside.
We could look to continue selling USDCAD this week should there be a small retracement, before next support zone seen at 1.3435 - 1.3380.
Price has also broken a rising trendline indicating that there could be room for more downside.
We could look to continue selling USDCAD this week should there be a small retracement, before next support zone seen at 1.3435 - 1.3380.
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Disclaimer
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.