USDCAD > Beautiful Looking Downward Channel with RSI Divergence

28 ago 2020

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Analysis of #USDCAD

here we have a downward channel with RSI divergence, i thought the downward movements ended up around 1.3150 where the price formed a double bottom but obviously it failed

Yesterday we had the FED speak and the pair tried to rally and hold on to the structure level and am actually surprised that this did break and
continued down

this pair should be able to find support at 1.3040 and show some reaction to the upside
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Check today analysis below⠀
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-DISCLAIMER: This Information Is Not a Recommendation to Buy or Sell. It Is to Be Used for Educational Purposes Only⠀
-⚠ Please Note This Is Just a Prediction and I Have No Reason to Act on It and Neither Should You