Invezted

Usd/Cad Weekly outlook

FX:USDCAD   U.S. Dollar/Canadian Dollar
38 0 1
Context:
after a major uptrend , price found balanced an ranged for quite some time , till price broke out to the downside,
however the momentum of the down move decreased and we somewhat found support @1.194,
from here on it depends if we continoue lower we first have to takeout that support level, a break of the highs
would encounter a retest of broken suport and if that retest is succesfull we may heaqd lower and have confrimed weakness

signs of strength:
Uptrend

signs of weakness:
broken support
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