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mofxtrading
Jan 18, 2024 6:20 PM

USD/CAD SHORT Short

USD/CADOANDA

Description

This downward trend of the USD/CAD looks to continue. With prices respecting the current resistance line and a double top forming at the current price it look like a good time to short. in addition to that the fundamentals are looking strong in support of this trade, with the USA on the bring of a major conflict and elections coming up, a lot of uncertainty looms around the US and the Dollar.
Comments
TheFxAce
The market does show some signs of weariness, as you've highlighted.
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