ForecastCity

Don't miss the great sell opportunity in USDCAD

Short
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (1.3825). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. USDCAD is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 30.

Take Profits:
TP1= @ 1.3755
TP2= @ 1.3710
TP3= @ 1.3660

SL: Break Above R2
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