HumbleTraders
Short

USDCAD might rebound or break to the downside

FX:USDCAD   U.S. Dollar/Canadian Dollar
68 1 0
It looks like USDCAD             hit another support this week. It is 3rd higher low in this market with tendency towards sell.
The scenario I see playing out, look for a rebound from the current level to 1. 1320             for another resistance. Enter short positions at these levels with the stop at 1.1470. Sell stop below 1.1175 -the recent lows.
USDCAD nearing resistance. Look for short positions at around 1.1350, stop and reverse beyond 1.1380
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