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ShinForex1
May 11, 2020 7:57 AM

USDCAD SHORT POTENTIAL Short

U.S. Dollar/Canadian DollarFXCM

Description

OVERALL
usdcad is potential in uptrend but we can seeing a slight retracement to probably around 1.36000 which is the 61.8% fib level from the previous low.

countertrend we see lower highs and lower lows. we can capitalize on the bias and target 1.3600 or the 50% fib level. also in a pattern view we see a wedge and down acting as a resistance .
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