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theforexportal theforexportal USDCAD, D, Short ,
USDCAD: USDCAD weakening
10 0 2
USDCAD, D Short
USDCAD weakening

USDCAD has moved from overbought and with the RSI now 66.6 and falling I expect more downside to come. Stellar CAD jobs numbers on Friday should help push this pair south until Wednesday when we get the expected FED rate hike and the key FOMC Statement and Economic Projections. For now this pair is soft. Trade idea. SELL down to key support at 1.3389 LONG trades ...

Michael_KM Michael_KM USDCAD, D, Short ,
USDCAD: USDCAD bearish
118 0 6
USDCAD, D Short
USDCAD bearish

This pair has been channeling for a very long time within a bearish flag pattern. This pair seems to be breaking out of the channel Price has also tested the previous low. A break and close below signals a move down. Some conservative traders, will prefer a break and resets of structure

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