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#USDCAD: Bears In With Steam, Bulls Swiped! #Forex

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TomProTrader  
FX:USDCAD   U.S. Dollar / Canadian Dollar
6
0
Traders,

Rounded top at previous horizontal resistance, and at long term Fibonacci retracement of previous bearish impulse leg showing a gradual shift of demand from bulls to bears in the rounded top, right at what is considered a strong resistance. Looks good for downside. With Crude Oil suddenly rallying a move down from here does seem extremely likely.

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