eraxular

USDCAD bearish push?!?!?

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FX:USDCAD   Dólar Americano/Dólar Canadense
Here on the USDCAD, price has been flowing in a strong bearish trend currently but recently has been attempting to push to a bullish outbreak. Price is failing to reach higher Hi's and has been rejected multiple times within the major zone of resistance @1.3236-1.32578. on the daily time frame we can also see an amassed amount of long wicks showing a loss of strength within the bulls which also depicts a potential opportunity to sell. In this week commencing, i am hoping to see a push up to this level of resistance and to see signs of reversal or fail to reach a higher Hi to enter into a sell. However it is also possible to see a break above this level of resistance followed by a retest which could act as a support for a start of a bullish push. Happy trading!
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