USD/CAD - Bearish Trend Continuation

Good morning traders, today we bring you an update of this analysis that we posted a few days ago when the price was facing the downtrend line of the channel.

🔸There was a clear rejection of the trend line, which was what we were waiting to confirm its continuation.

🔸At this moment, the price is facing the previous low, which we could consider as a support zone.

🔸Although there are high possibilities of break, the safest thing would be to wait for it, and look for a setup below it.

🔸The potential target of the move is the next support zone.

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analysisBearish PatternsCADdollarMultiple Time Frame AnalysissetupshortSupport and ResistanceTrend AnalysisUSDUSDCAD

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