U.S. Dollar / Canadian Dollar

Short

USDCAD Downside Breakout

By FinancialGamblR

Updated

There's confluence across two timeframes. The downside breakout on the hourly timeframe can also be observed on the daily timeframe as well. A key level is being breached as we speak. Downside to be expected as long as price holds below.

Note

Here's the daily chart:

snapshot

As long as price holds below 1.2838, we can expect downside momentum.

FinancialGamblR

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