USDCAD is moving in a descending channel, and it's pulling back to resistance at 136500.
Price action is making lower lows and lower closes, indicating a bearish trend on the 1 hourly chart.
We might see continuation of the bearish trend from the confluence zone where we have fibo golden zone dynamic resistance and channel border.
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Price action is making lower lows and lower closes, indicating a bearish trend on the 1 hourly chart.
We might see continuation of the bearish trend from the confluence zone where we have fibo golden zone dynamic resistance and channel border.
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Share your opinion in the comments and support the idea with like. Thanks for your support!
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