U.S. Dollar / Canadian Dollar

Short

USDCAD is Forming a Down Trend

Updated

Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37400 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37400 support and resistance area.
Trade safe, Joe.

Note

Decent pullbacks approaching the trend now, BoC may consider waiting until July to cut rates

snapshot

Note

USDCAD falls to a new low for the week

Note

snapshot

Perfect rejection of the trend but in another support and resistance downwards

Note

We are doing good now, USDCAD broke perfectly below 1.37000

Trade active

seems like sellers are willing to take control

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