USD/CAD BREAKDOWNBased on price action (formation of double top) , market structure and fundamental analysis (The recent hike in Canadian Interest rates) the OANDA:USDCAD looks ready for a bearish dive. There are areas in the market that have clear imbalance which will act as targets for short positions. This levels are labeled and will act as our targets for long term short on this pair. Be advised to always use proper money management when trading. Best of luck as you look out for entry on this pair.
