Get started
DennisDims

USDCAD Faces Negative Pressure

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
DennisDims Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Trend Line Break DXY
1
0
trendanalysis chartpattern trendlinebreak dxy
USDCAD experienced bearish pressure to break the trendline and hit 1.36070.

Price has retraced back to the trendline/pivot and faced some rejection suggesting continuation of the bearish move.

Initial target is 1.35180.
Trade closed: target reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.