💡Chart analysis of the USD/CAD currency pair (daily time frame). The price broke the support structure and shifted to a downtrend. Wait for a retest of the red zone and enter a short position from it if bearish price action (such as a reversal candle) appears. MACD indicator: There are no signs of weakening negative momentum so far, which reinforces the downside scenario.
⛔️Not investment advice for educational purposes only.
⛔️Not investment advice for educational purposes only.
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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.