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privatedropout

Support turned into Resistances - Long Rejection Too

Short
Dollaro / Dollaro canadese (FX:USDCAD)  
privatedropout  
FX:USDCAD   Dollaro / Dollaro canadese
Trend Analysis Beyond Technical Analysis
10
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trendanalysis beyondta
As you can see the black circles show support has turned into resistance, and breakout to the long side keeps getting rejected, I believe we will make lower lows shortly. Also NFP data was bad, CPI data was bad, and CAD jobs data was good past Friday. DXY also seems to have hit resistance and dropped, Oil also seemed to have found support and should be climbing back up.

Let me know your thoughts!
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