USDCAD: Your Trading Plan 🇺🇸🇨🇦

Short

U.S. Dollar / Canadian Dollar (OANDA:USDCAD)

OANDA:USDCAD U.S. Dollar / Canadian Dollar

fibonacci doubletoporbottom supportandresistance usdcad usdollar usd dollar forex trading technicalanalysis canadiandollar

USDCAD formed a double top pattern, perfectly respecting a 618 retracement of the major bearish impulse.

On focus is 1.352 - 1.355 horizontal neckline.
If the price breaks and closes below that on a daily, it will confirm a highly probable bearish reversal.

A bearish move will be expected then to 1.342 support.

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