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UnknownUnicorn805655

USDCAD, Still contertrend bias

Long
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
UnknownUnicorn805655  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis USDCAD usdcadlong countertrend
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trendanalysis usdcad usdcadlong countertrend
Despite being in a strong trend downwards, exhaustion emplies it is due for a small correction to the upside, potentially as far as back 1.250 before continuing down to below 1.200

Look for break and retest of the yellow CTL level to enter long for COUNTER TREND trade.

PROCEED WITH CAUTION

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