USDCAD: Time to Go Lower 🇺🇸🇨🇦

snapshot

As I predicted, USDCAD dropped yesterday.
It turned out that the price managed to form a bearish engulfing candle on a daily time frame,
a support line of a rising parallel channel was broken on a 4h time frame then.

I believe that the pair may go lower.
Goals: 1.357 / 1.3533

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CADcanadiandollarCandlestick AnalysisForexMultiple Time Frame AnalysisParallel ChannelUSDUSDCADDJ FXCM Index

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