The USDCAD could either rebound or break the trendline and so significantly dip in favour of the CAD. The odds are in favour of the CAD, now that Brussels and Washington push for winding up most trade with Russia as to force it to reconsider its invasion of Ukraine.
Note
Please support me with your thumbs up and comments!
Trade closed: stop reached
Shorters have broken the trendline. There are chances they will push it 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.