USDCAD facing pressure pressure from 1st resistance!

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis harmonicpatterns chartpattern usd cad usdcad forexsignals

USDCAD is holding below the descending trendline and is also reversing below 1st resistance at 1.3203. With Stochastics also showing resistance, a short term drop towards 1st support at 1.3154 can be expected.

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results

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