USDCAD was unable to keep the bearish momentum after breaking above a significant resistance level. Price came back to the trendline formed after the initial break out of the falling channel, but could not find support either.
The last 3 days of this week formed 3 very bearish candles, even breaking through previous demand zone, providing USDCAD with more downside.
This week, we could look to continue selling USDCAD to it's previous low, waiting for small retracements too add positions.
The last 3 days of this week formed 3 very bearish candles, even breaking through previous demand zone, providing USDCAD with more downside.
This week, we could look to continue selling USDCAD to it's previous low, waiting for small retracements too add positions.
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