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JonasBuusJ

USDCAD SHORT TRADE

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
JonasBuusJ  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators
8
0
trendanalysis chartpattern indicator
USDCAD is currently at a resistance level (look on higher timeframe)

Price formed a rising wedge and has now broken down indicating bearish momentum

Also MACD is showing bearish divergence, so at this point i would expect the price to make a retracement to 1.32000 and maybe lower
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