USDCAD short
USDCAD is in clear uptrend, but we've a short opportunity on a small time frame (30 minutes). as the chart shows, it has broken to the downside of the bull flag. bulls have failed to continue to momentum and break the flag to the upside.
Previous resistance 1.3417x will now act as support and that's where we can close part or full short to book profit. technicals are in favor of this short and so are fundamentals after the most recent US data has been released a few hours back.
Previous resistance 1.3417x will now act as support and that's where we can close part or full short to book profit. technicals are in favor of this short and so are fundamentals after the most recent US data has been released a few hours back.
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