U.S. Dollar/Canadian DollarFXCM
Description
⋅ Since our last analysis on USDCAD () we have been selling this pair for a couple of weeks.
However, it is high time for the whole move down to be corrected up.
The pair is heavily oversold and any new low might be the last. It is reasonable to look for buying opportunities under these circumstances.
Therefore whenever the price breaks the trendline and corrects itself, start looking for bullish moves.
If the price makes new low Fractology will not change its analysis and keep on looking for upward impulses to go bullish.