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algofxpro

USDCAD on downtrend

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
algofxpro  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Fibonacci Trend Lines
1
0
trendanalysis fibonacci trendline
As we can see on the 30-minute chart the fibo-retracement from 50% and can't cross the trend line.

Friday, last week the Employment Change and Unemployment Rate news was in favor of CAD as well, the dollar index (DXY) is decreasing.

So, I'm bearish on USDCAD today at least for 1:1.5 RRR

Do you agree with my analysis?

Thank you, Regards
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