848evo
Short

[ANALYSIS] USDCAD Still Falling Down

FX:USDCAD   U.S. Dollar / Canadian Dollar
39 0 1
After a quick reversal up on USDCAD             , it looks like PA got stopped hard by the 61.8 fib level and reversed back to the downside. Given the overall weakness of the USD and the CAD economy becoming less commodity dependent, I would expect PA to continue moving down. Looking for a break of the lower channel and rising TL to look for an entry short position.
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