As resistance is occurring from the uptrend market, it could be safe to say that USDCAD is looking to create a downtrend movement. It has reached the high of the day, then created a retracement of 78%, creating a high lower.
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.