Short USDCAD -Exhausted bullish momentum Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ May 14, 2015 9:27 PM

USDCAD could be making a move down to 1.19250. The lower lows and lower highs shows that the pair has exhausted it's upward momentum and could be ready to drop just as quickly is it rose yesterday.

USD (US Dollar)USD CAD short