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InvestingScope

USDCAD: Bearish reversal (long term).

Short
U.S. Dollar / Canadian Dollar (FX_IDC:USDCAD)  
InvestingScope  
FX_IDC:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD Forex USD CAD DJ FXCM Index dollar canadiandollar Currencies currency
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trendanalysis chartpattern indicator usdcad forex usd cad usdollar dollar canadiandollar currencies currency
USDCAD is on the down-move again after the recent 1.3385 peak. Following the 1D Death Cross in July (RSI = 41.105, Highs/Lows = -0.0056, MACD = 0.0000) and the Lower Low after the 1M Channel Up broke to the downside, the long term outlook is bearish on this pair and sellers should attempt to fill the gaps. Those that stand out are the 1W Support (1.28000) and the previous MA200 low (1.26200).






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