darryl11

usdcad about to crumble?

FX:USDCAD   U.S. Dollar / Canadian Dollar
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1
usdcad looking like it could break down here, needs to close below the congested moving average area of 130, 40 , and then break the lower channel but look at the technicals... not often you get macd and stochastic giving the same signal at the exact same moment ( cos macd is a lagging indicator)... but look at last time it happened together, both crossed up and market roofed, today we are getting the double cross down.
needs watching, and ideally a close below those moving averages could green light a decent drop .

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