USD/CAD ANALYSIS (short term)
Hi traders :) I'm Guario and this is a forecast about possible USD/CAD future price action. USA last macroeconomics reports and the US stock market very bullish start of the year suggest a possible buck week against the CAD. The currency cross technical analysis confirm this bearish forecast. The pair is set in a very strong down trend along with both Stochastic and MACD occult divergences. I suggest to set any entry order just a bit under the volumetric level of 1.3054. Look at the chart for possible stop and target levels. Write me in the comment for any question thought or critic. Good luck :)
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