Short USDCAD?
Updated
Previously bullish on this pair - however recently has been setting lower highs and lower lows - recently hit resistance again at 1.35615 - third test of this level.
Small section of consolidation highlighted in the rectangle - most recent candle seems to have tested the upper bound of this.
Initial thought is a short however not that confident - need to look for more before entering.
Small section of consolidation highlighted in the rectangle - most recent candle seems to have tested the upper bound of this.
Initial thought is a short however not that confident - need to look for more before entering.
Note
Take profit hit!Looks to have bounced off previous support - might be looking at buy with take profit at next resistance level - 1.34650...
Note
Or even wait for a test of 1.34650 resistance and look to short.Need to pay attention to OPEC news due to the CAD impact
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