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Usdcaddaily

TAKE NOTE- ANALYSIS ON USDCADFREE ANALYSIS ON USDCAD Welcome to SiriusTrading (managed by Segunby), Check out my Free analysis on Forex and Crypto. Follow me for regular Analysis and don't forget to LIKE, LIKE, LIIIKKKEEE :) - 4 HOUR USDCAD is making a pull back to the previous support level (now turned resistance) on the trend-line break at 1.33000, which is also a nice psychological level. Things to consider: 1. Watch out out for the Zones as prices dropping below them will give signal for more downward move. 2. On the DAILY chart price is testing the 200MA level, this could confirm the downward continuation. 3. Watch out for the breaks in the trend line for more SELL opportunities. 4. Stoch RSI also making a bearish divergence. Wait for break in trend line for sell down. OVERALL Expecting more downward momentum. - Thanks for reading See previous analysis Please share your thoughts and views on my analysis and don't forget to like it and share with others.
Short
by SiriusTrading
USDCAD reversed from resistance, potential drop! USDCAD reversed off its resistance at 1.31514 where it could potentially drop further to 1.31057. *Disclaimer.* Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission (AFSL 414530). Pepperstone Limited is authorised and regulated by the United Kingdom Financial Conduct Authority (FRN 684312). This information is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Short
by Pepperstone