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thebrowntrader

USD/CAD 1HR // 08 May 2024 Analysis

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
thebrowntrader Updated   
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns thebrowntrader
2
0
trendanalysis chartpattern thebrowntrader
We can see a beautiful downtrend on USD/CAD on the 1HR timeframe.

The price has touched the trend line and is also around the 1.37500 key level. If we see reejction from the trend line as well as the 1.37500 area, we can look at potential sells with the long term target being 1.3500 level.
Trade active:
We saw a great rejection from the trend line as well as the zone.
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