USDCAD TRENDING DOWN Short

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Jun 19, 2015 8:18 AM

After rejecting the downtrend trendline USDCAD is likely to continue moving lower. Cycles show that next bar should start the down cycle and it could be the perfect time to go short. Target is 161.8% Fibs near 1.2100 support level.