Anilmehmet

Looking for a continuation of the downtrend - USDCAD

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
Looking for a new lower low to be made, we could expect a stronger CAD in the upcoming days as Brent Oil might be headed to newer highs.

Overall I am bullish on both the USD and CAD, but my analysis concludes we could see a continuation of the overall downtrend on the pair.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.