USDCAD: Very Bearish Outlook 🇺🇸🇨🇦

Short

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

Updated

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Wedge Double Top or Bottom Support and Resistance DJ FXCM Index USD dollar Forex trading Technical Analysis trader

wedgepattern doubletoporbottom supportandresistance usdollar usd dollar forex trading technicalanalysis trader

snapshot

Hey traders,

After a strong bullish rally that we saw last week on USDCAD,
the pair looks quite overbought.
The price formed a double top formation and broke a rising wedge pattern to the downside.

I believe that the market may drop at least to 1.267 level.

❤️Please, support this idea with like and comment!❤️

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