Usdcadsell
USDCAD to climb from upside confirmation, potential bounce! USDCAD to climb from its upside confirmation at 1.39645 where it could potentially bounce further to 1.40216.
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USDCAD potential bounce!
USDCAD expected to reverse up to 1st support at 1.38802 where it could potentially react and bounce to its resistance at 1st resistance at 1.39610.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
SELL USD/CAD at market 1.4086USDCAD is weakening having hit WR1 resistance 18 bars ago (18 hours). The BULLS have tried mightily to push the price higher but a series of doji indecision candles is confirming or perhaps suggesting the BEARS are about to take control.
The price is nicely held under the 5m 200ema and the charts look ever BEARISH.
Jump on board and ride this train down to 1.4000 as a first target