TradingSutra

USDCAD: BEARISH CONTINUATION

Short
FX:USDCAD   U.S. Dollar / Canadian Dollar
USDCAD : An impulsive fall from the level of 1.2950 & an expanded flat formation in abc pattern peaked at 1.2896 suggests that USDCAD is ready to continue its long term bearish trend . One should go short with SL of 1.2896 for the tgt of 1.2400 / 1.2250 and 1.2000
Manish Bhardwaj
Analyst & Co-Founder
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