CAD looking bearish
With strong resistance being provided from the lows in the 90s we could be looking at a move down. The RSI looks like it may have peaked and last time this happened at the end of the nineties after a bit of negative divergence there was a large move down.
This month's candle looks like it may turn into a classic looking hanging man so I will be looking to go short once the MA look right on the smaller time frames
This month's candle looks like it may turn into a classic looking hanging man so I will be looking to go short once the MA look right on the smaller time frames
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