USDCAD - Multiple Short Confirmations
USDCAD has been up trending for a number of weeks, bullish momentum being boosted by a weak CAD on Januarys BOC interest rate data.
The daily timeframe is still downtrending however, and we have several indications of a bearish reversal (see annotations)
Long term target is the previous daily low at around 1.296.
The daily timeframe is still downtrending however, and we have several indications of a bearish reversal (see annotations)
Long term target is the previous daily low at around 1.296.
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