USDCAD has started a third wave of downtrend after retesting a support turned resistance zone and is currently retesting previous low of the second wave of downtrend.
Should price be able to break below this level of support, there would be more downside available for USDCAD.
This week, await a breakout, then continue selling USDCAD when it pulls back. Conversely, if price gets supported at this level, we could look to sell USDCAD again if it retests the same supply zone.
Should price be able to break below this level of support, there would be more downside available for USDCAD.
This week, await a breakout, then continue selling USDCAD when it pulls back. Conversely, if price gets supported at this level, we could look to sell USDCAD again if it retests the same supply zone.
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