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Salzworth
Aug 4, 2022 9:36 AM

Outlook on USDCAD: Bearish play seen  Short

U.S. Dollar/Canadian DollarFXCM

Description

On the H1 time frame, a break below the support zone at 1.28300 presents an opportunity to play the drop. Prices are holding below the descending channel as well, in line with the bearish order flow. We could see prices push lower to the next support zone at 1.27700 in line with the graphical low.
Comments
Zestiria
Thank Salz
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