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USDCAD Analysis April 11, 2021

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Forex_League  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis
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trendanalysis
On the weekly timeframe we are clearly in a downtrend as we have broken support and retested successfully as resistance with an evening start formation
snapshot
Down to the daily timeframe is looks like we could be completing the formation of a LH point. Last week closed extremely bearish and I will wait for a retest before shorting this pair.
Down to the H4 timeframe we have a perfect area to look for shorts from. I will wait for a retest of this area before pulling the trigger!
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