I am in a sell on USDCAD. There is a downward trend that started in 2016 that has not been broken. I strongly believe that it will retrace at least 100 pips before it goes up in attempt to break the older downward trend. If trend is broken then I will automatically jump into a buy since the dollar has been really bullish. This is my opinion and like always risk management and good luck.
Trend Analysis

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