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ForexWizard01

USDCAD possible sell zone!!

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
ForexWizard01  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD usdcadanalysis usdcadforecast usdcadsignals usdcadidea usdcadtrade usdcadshort usdcadshot
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trendanalysis chartpattern indicator usdcad usdcadanalysis usdcadforecast usdcadsignals usdcadidea usdcadtrade usdcadshort usdcadshot
USDCAD 4h, After NFP release USDCAD has changed it's uptrend to downtrend on the lower timeframe. As the price has broken down with a strong momentum, currently the price retracing to the previous resistance turned support. It is highly likely price will test the 20EMA on the 4h and will bounce off. Upon rejection a sell trade is high probable targeting monthly support level.
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