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mattynewman

USD/CAD - Trend broken, potentially heading down to retest 27.00

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
mattynewman  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Technical Indicators Fundamental Analysis
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trendanalysis indicator fundamental
The upwards trend has clearly been broken, once the 200 ema crosses this trend level on the 1hr chart i feel like we will test and break the previous low. Potentially heading to a previous resistance level of 27.000 before a long rebound back upwards. Let me know your opinions…
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