USDCAD setting up a strong bearish pennant

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

usd cad usdcad short bearish pennant

USDCAD has been ranging between a rising support and a strong resistance at 1.32 - Currently a good short at 1.32 and target being the rising support. Also keeping an eye out for the breakout, ill keep you guys updated.

Comment:

I just looked at the daily and weekly and its in a clear uptrend, i dont suggest shorting USDCAD for a breakout to the lows but do keep an eye for it because it might breakout on the top side.

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