USDCAD: Still Looks Bearish 🇺🇸🇨🇦

Short

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

Updated

OANDA:USDCAD U.S. Dollar / Canadian Dollar

Trend Lines Candlestick Analysis Pivot Points USDCAD DJ FXCM Index USD dollar Forex trading swing swingtrading swingtrader

trendline candlestick pivotpoints usdcad usdollar usd dollar forex trading swing swingtrading swingtrader

snapshot

After a confirmed bearish breakout of a major rising trend line on a weekly,
USDCAD did not manage to return back above that.

I believe that the pair will keep falling soon.

For entries consider an occasional retest of a broken trend line.

Closest support: 1.225 - 1.235

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Comment:

Check my new analysis on US30:

Dow Jones Index (US30): Time to Buy 📈

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