USD/CAD (26/1/18) *A Momentum Shift is spotted

FX:USDCAD   U.S. Dollar / Canadian Dollar
There are 2 things you need to know.

1. USDCAD's "overall trend" is still pointing to the downside.
So it is obvious that "shorting" this pair still carry a better probability

2. We have a nice Bullish looking candle in D1, it proved that there is an "immediate" trend momentum shift.
So, if you looking for a potential quick swing back, you can consider going Long with the great length of caution.

Summary, this pair may swing back up to the previous resistant levels, as a typical pullback during downtrend. I expect, it can swing back up to 1.25 level. But you have to be quick.

Trade Safe


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