Usdcad downtrend
USDCAD
The market is pulling back after impulse move downward. It shows bullish momentum is weakening because the main trend is bearish. The asceding channel is pullback. I expect fake breakout of the resistance or double top, then fall from the zone if the price ramains below it. My goal is support around 1.34030
The market is pulling back after impulse move downward. It shows bullish momentum is weakening because the main trend is bearish. The asceding channel is pullback. I expect fake breakout of the resistance or double top, then fall from the zone if the price ramains below it. My goal is support around 1.34030
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