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USD/CAD Short term outlook

FX:USDCAD   U.S. Dollar/Canadian Dollar
311 2 3
Pattern Formed- Bearish BAT pattern

USD/CAD             once again retreated after making high of 1.2625. Overall trend is bearish as long as resistance 1.2663 holds.

On the downside minor support is around 1.2540 and nay break below will target 1.2480/1.2420.

The pair’s break above the resistance 1.2663 could pave way for 1.2700/1.2795.

Recommendation: Sell USD/CAD             around 1.2580, SL 1.2663, Targets 1.2480/1.2420.
Seems USDCAD is to break resistance at 1.2663!? Now do you see any reversal?
Reply
well, it didn't close above the resistance which makes it still valid!
+1 Reply
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