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USDCAD: Bearish

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TradingSutra  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Wave Analysis forexsignals forextrading Currencies USDCAD usdcadshort
4
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trendanalysis waveanalysis forexsignals forextrading currencies usdcad usdcadshort
USDCAD trading in a parallel channel and it looks like the correction is still pending. Rejected from the previous resistance zone USDCAD is likely to trade lower in the coming sessions.

Trading strategy:

Keeping SL of 1.295 any rise should be taken as selling opportunity for the target of 1.28500/ 1.28000
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
www.tradingsutra.com
www.waveutra.com

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