Lukasz-Grzesiak

USDCAD stuck to its 200SMA

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
My general view is bearish, but there is very little momentum in this trend. Price is currently stuck to its 200SMA,which is sloping down. Waiting for some more confirmation and a bearish continuation pattern. If price breaks above the 200SMA, my bias will become neutral.

Forex is getting more and more interesting these days. Seeing more pairs setting up for potential trades. we haven't seen favourable setups in months now as money was in stocks.

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