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InvestingScope

USDCAD: Long term Sell Opportunity.

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
The pair is on a 1W pull back (RSI = 59.803, MACD = 0.022, ADX = 45.865) following its rejection near the 1.4700 Symmetrical Resistance. The pattern is similar to that of early 2016 when after a rejection on the 1W Symmetrical Resistance, the price was sold-off aggressively and found a bottom on the 1.24700 Symmetrical Support. We are expecting a similar development.




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