USDCAD Bearish analysis

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Dec 16, 2019 2:37 PM

Weekly
- recent price movements bearish
- RSI bearish

Daily
- Price has some structure
- broken through 61.8 level
- RSI in sell range

4hr

1hr
- At 1.272 level
- Retrace to structure before resuming downward leg
- RSI is over sold