SHORT POSITION

USD/CAD retreats from 1.2600, on weaker than expected
USD/CAD struggles to gain traction above 1.2600, is falling 0.31%, trading at 1.2549
The Canadian dollar has been under selling pressure, as witnessed by the price action in the last three days, down almost 1.70%. Nevertheless, on Friday, the Loonie has recovered some ground, mainly driven by USD profit-taking.


We can see price is now rejecting a major supply zone, also the head & shoulder neckline that have been broke in early October .

Sellers are looking to take control use the lower TF for entries and also wait for confirmation.


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