U.S. Dollar / Canadian Dollar

Short

USDCAD: Top-Down Analysis & Bearish Setup 🇺🇸🇨🇦

By VasilyTrader

Updated

snapshot

Hey traders,

USDCAD is approaching a major falling trend line on a weekly time frame.
After the market opening, the price formed a double top formation on hourly time frame.
Then its neckline was broken.

I believe that soon the price may drop lower.

Intraday goals:
1.268
1.2645

❤️Please, support this idea with like and comment!❤️

Note

Check my new analysis on WTI OIL, GBPUSD, USDJPY, SILVER:

MarketBreakdown | WTI OIL, GBPUSD, USDJPY, SILVER

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