With USDCAD breaking a daily trendline developed since May 2015 on the daily timeframe, the pair might be finally heading back down. With prices currently under the 100 MA and below the trendline, i would personally stay away from the pair until it goes back up past 1.36563, or until it breaks 1.34439 to head for lower lows.
Commento:
USDCAD with some bearish movement
Commento:
USDCAD broke 1.344 on a 4hr time frame. Going to wait to see what it does next.
Sentiment: Bearish
Sentiment: Bearish
Commento:
Sorry wrong chart. Here's the right one
Commento:
My bearish suspicion is confirmed. I believe USDCAD is going to head down lower
