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fireminer523

USD/CAD Possible Bearish Trend Continuation This Week

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
fireminer523 Updated   
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Fibonacci Trend Lines
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fibonacci trendline
If USD/CAD continues to follow this trend then we could be looking at a bearish week for the pair. The trend line runs right into the .618 so I would be watching this pair.
Comment:
It’s looking like it may play out. If you look at the hourly chart you can see that it has broke its uptrend and created a lower low. This could be a false bearish breakout but it think it is a good sign. Watch the lower time frame for more confirmation.
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