USDCAD > What to Expect Next!?

Analysis of #USDCAD


The USDCAD might have reached its top, and now in the process of shifting trends, we could have a very valid sell setup

as you can see the USDCAD broke out of the wedge pattern and now trading below its trendline support, which now become a trendline resistance.

the market retested the trendline and now moving lower, if the daily candle closed below 1.3700 today, we have a confirmation, and this is a valid breakout if the market retreated and closes above 1.37500, this is a fake break, and better wait for better confirmation





Thanks for your continued support!