USDCAD bearish sign
After the recent FOMC event, the pair is trading at a low.
On the daily chart it is out of the cloud.
On the H4 chart it closed the recent bottom at 1.3530
I think it will go down to 1.3485 and then bounce back to retest the cloud and continue lower.
On the daily chart it is out of the cloud.
On the H4 chart it closed the recent bottom at 1.3530
I think it will go down to 1.3485 and then bounce back to retest the cloud and continue lower.
Note
My analysis has been in sync with the market and has reached the target of 1.3485
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Disclaimer
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.