USDCAD SELL: Weekly, Daily & 4hr Short
U.S. Dollar/Canadian DollarFXCM
Description
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USDCAD THESIS
- USDCAD W: Weekly bias still bullish. Last week closed as a spinning top but closed below 1.3440.
- USDCAD D: After ranging for 4 days price finally broke out below 1.3440 & ascending trendline. Next target 1.3385.
- USDCAD 4hr: Before sell off price is likely going to pullback into 1.3440 for retest, then we should see a drop to 1.3385.