USDCAD Weekly Outlook
USDCAD has been in a bearish down trend for quite a while now, and it does not look like it is going to be ending anytime soon.
From my previous USDCAD you will be able to see the short trades i have taken and my bearish analysis which i've had.
As of right now price is at the support level of a bearish channel. I am anticipating a pullback into the resistance level of the bearish channel before price continues on its downwards trend.
My long term downside target for this pair is 1.226.
From my previous USDCAD you will be able to see the short trades i have taken and my bearish analysis which i've had.
As of right now price is at the support level of a bearish channel. I am anticipating a pullback into the resistance level of the bearish channel before price continues on its downwards trend.
My long term downside target for this pair is 1.226.
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