darryl11

usdcad about to crumble?

FX:USDCAD   U.S. Dollar/Canadian Dollar
30 0 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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