FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD trading in downtrend line
price below key level and HVN around 1.3100
price also below SMA 100
price forming AB=CD pattern
MACD shows start of bearish momentum
RSI below 50
so its expect bearish momentum to pattern target at 161.8% fibo around 1.2780

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.