Potential to short USDCAD!
USDCAD has been on an uptrend since January. Since June on the other hand, this pair is having a small downtrend until the support line (red line) was violated. We have potential to go short since the small downtrend is at the end of the upward pullback according to stochastic. Refer to lower time frame for entry signal.
This is my personal opinion and not a signal!
This is my personal opinion and not a signal!
Note
Lets see the rate decision from BoC before trading this currency. Many news are coming this week for this pair, just wait and see.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.