USDCAD is currently at a resistance level (look on higher timeframe)
Price formed a rising wedge and has now broken down indicating bearish momentum
Also MACD is showing bearish divergence, so at this point i would expect the price to make a retracement to 1.32000 and maybe lower
Price formed a rising wedge and has now broken down indicating bearish momentum
Also MACD is showing bearish divergence, so at this point i would expect the price to make a retracement to 1.32000 and maybe lower