ADAMMAC
Short

USDCAD ANALYSIS SHORT DAILY

FX:USDCAD   U.S. Dollar/Canadian Dollar
55 0 5
Evident signs that the trend will continue after bouncing off the 1 year resistance at 1.275. Looking to continue down to the 1 year resistance a breakout from that will leave the next levels exposed. Looking for entry points at the previous minor level of support which has now become minor resistance.

A break out of the weekly channel will signal a reversal, however very unlikely due to the limited amount of economic phenomena to give the price the momentum it needs.
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