FX:USDCAD   U.S. Dollar / Canadian Dollar
Alright guys, for this analysis I just wanna talk about a possible scenario. USDCAD 4H RSI is rounding out as it is approaching a level of support. This level of support is not exactly a strong level so I do want to be a little cautious here. This makes me believe that we might have a potential bounce off of a small magnitude, but will hit another level of resistance, which is not shown, and then drop like a tank from that moment on. Now the RSI and MACD on the daily chart is kind of high, and I know it will need some relief sometime very soon. The MACD is already rounding off on the daily. So for my final analysis and interpretation of this pair is that we will see it break down to lower levels mid-week!

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