USDCAD Short Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Aug 16, 2021 9:06 PM

USDCAD is in an uptrend since July 30th. At this moment it is testing the resistance at 1.2579. On the 2, 3 and 4h charts we can see the oversold conditions, so I believe it will pullback at least to the trend line (50pips).

Comment

⋅ Aug 16, 2021 9:22 PM

I meant overbought condition