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Therealsmaira

USDCAD: Support becoming Resistance ?

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Therealsmaira  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Fundamental Analysis Chart Patterns USDCAD canada CPI inlation DXY reversal HH
2
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trendanalysis fundamental chartpattern usdcad canada cpi inlation dxy reversal hh
On USDCAD, price is retesting our support which might become a resistance. Although Canada's inflation was worse than expected, but USDCAD failed to bounce back above the support since the USD is under negative pressures as the DXY is also.
MACD is making HH while price is making LL.

Will it continue it's overall bearish trend ? Or do we have a reversal ? Your decision !

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MacroForex
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