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TheSignalyst

USDCAD UPDATE

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
TheSignalyst  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Technical Indicators USDCAD Bearish Patterns trend continuation rejection Support and Resistance
14
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trendanalysis chartpattern indicator usdcad bearish trend continuation rejection supportandresistance
as expected, price rejected our upper green trendline and traded lower.

and since price didn't break above our orange resistance, we are still overall bearish.

price is retesting our green trendline again so we will be looking for objective sell setups on lower timeframes.

Unless price breaks our orange trendline objectively, then we will be looking for objective buy setups on its retest
This analysis is done using RichTL
www.RichTL.com

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