Canadian Dollar 5th rejection from slope resistance?
It looks like another rejection from slope resistance, with bearish divergence in the 14-period RSI.
A closer look shows a possible double top, an hourly close below yesterdays low and a break of ascending trendline would confirm this.
1- Hour Chart
A closer look shows a possible double top, an hourly close below yesterdays low and a break of ascending trendline would confirm this.
1- Hour Chart
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.