USD/CAD Downtrend Resumes

Updated
USD CAD pair has resumed downtrend after it failed to trade above the rising channel, the pair is expected to touch channel support at 1.34994, indicators RSI has turned nevative from overbought territory and MACD crossover is about to happen, a short entry with target 1.34994 is seen in couple of days.
Trade closed: target reached
Target reached, close position
Technical IndicatorsTrend Analysis

Also on:

Disclaimer