USD/CAD regression

FX:USDCAD   U.S. Dollar / Canadian Dollar
The USD/CAD has had a very strong downtrend since late May and I believe that a correction is in order. The weekly Stochastic gives bullish signals, however the daily one suggest the opposite.
From my perspective, the price will most likely drop down to the indicated with red line target and form a double bottom or some sort of trend reversal formation, so until then I remain bearish and ride the trend till its end.


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