chartwatchers

USDCAD - Expect the unexpected

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
59
A lot of traders are waiting for USDCAD to follow its previous trend to the upside.
I still think this could be the biggest bear flag ever and it broke down a few days ago.

As I'm waiting for the OIL drop and Trump to step in his office with lots of surprises - USD weakening plans - I make a call for USDCAD to testback the trendline and continue its long way to the downside.

If I'm right we shoud see a reversal today or tomorrow.
Notice the volume. Someone is buying CAD heavily...
Comment:
I corrected the trendline a little bit. if the 09.12. breakdown was just a false breakdown than the lower trendline looks like this:
Comment:
In this case we had a perfect testback of the trendline today.
Tomorrow will give us the answer...
Comment:
Trendline is still holding...
Comment:
So far so good...
It seems we had a trendline backtest...

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