The USDCAD looks to be out of momentum here and as you can see it failed to move to a new high.
the trend is still to the upside, but for the time being, I expect the market to move to break trendline resistance and move to the downside, might be just for profit-taking or a shift in the going trend.
right now: the market is not for a buy trade, as we have multiple resistance levels above the current level, and it's not for sell as we are near the support level.
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.