Reasons for short USDCAD:
- The up trend was broken;
- The price hit 1.40 in the last up trend (historical level);
- A correction could happen before a resume the trend up;
Two possibles scenarios:
- The price will back to next resistance (1.39 region) before go down to 1.37600
- The price will go down to 1.37600
- The up trend was broken;
- The price hit 1.40 in the last up trend (historical level);
- A correction could happen before a resume the trend up;
Two possibles scenarios:
- The price will back to next resistance (1.39 region) before go down to 1.37600
- The price will go down to 1.37600
