After a nice pullback of recent break out from the downtrend, USDCAD is starting to look tired again. Buyers looking to make a first stand. Daily RSI showing short term oversold on the BB. 4H RSI showing down momentum nearing its end. Monthly Pivot point helping as support.
Daily BB and RSI continue to emphasize momentum to the downside. Recent breakout of support confirms the bearish sentiment. Retest of support, will confirm it as resistance. Be patient and execute.
