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TanayUK TanayUK USDCAD, 240, Short ,
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USDCAD, 240 Short
USDCAD SHORT: Technical

USDCAD is overstretched to the upside. On the 4H chart, it is outside 800 period Bollinger Bands. Furthermore, there is divergence towards the 1.34 level, suggesting momentum of the upward move is slowing. I expect a pullback on this pair, especially as oil appreciates back to the $50 level, to 1.32. Below 1.32, strong support should be expected at ...

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