USDCAD next big move to the downside

Short

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

Updated

FX_IDC:USDCAD U.S. Dollar / Canadian Dollar

USDCAD

usdcad

I'm bearish USDCAD from current levels as long as price is below 1.36 targeting minimum 1.28-1.29, but with high chances of reaching even 1.25-1.20.

Comment:

This is not the time be buying USDCAD. This is the time to be short. A pull back towards 1.32-1.31 is my minimum expectation. However for the target of 1.25-1.20 to be achieved we will need to break below 2017 lows (1.2969).

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