USDCAD: Bearish Forecast Explained 🇺🇸🇨🇦

Short

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Trend Lines Multiple Time Frame Analysis Candlestick Analysis USDCAD daytrading daytradingsignals forexsignals DJ FXCM Index USD dollar Forex trading

trendline mtfa candlestick usdcad daytrading daytradingsignals forexsignals usdollar usd dollar forex trading

snapshot

USDCAD is approaching an important confluence zone
based on a daily horizontal resistance and a falling trend line.

Testing the underlined area, the price was heavily rejected from that on a 4H
and formed a doji candle then.

I expect a bearish movement now.
Goals: 1.3350 / 1.3325

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