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DeGRAM
Apr 8, 2020 5:04 AM

USDCAD one more chance to SELL Short

U.S. Dollar/Canadian DollarFXCM

Description

USDCAD could not break the resistance line, as we predicted.
The price is returning to this line again and I expect a fall to the support line.
Comments
JRSone
Not sure shorting USD right now is wise at a fundamental level, given the fact that any panic-selling will result in a strong upward movement (reference DXY charts during recent sell-offs). On the same token, markets aren't exactly acting/reacting with any 'normalcy' at the moment, so who the heck knows. Thank you for your analysis.
ABDOLLAR_FX
I agree , this is what I am expecting

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