The USD/CAD pair is breaking below a daily support level on quite strong momentum, signaling further weakness in the price.
The RSI formed a slight bearish divergence and managed to break below its recent low.
Also, notice that the pair is in an overall downtrend, trading below the 61.8% Fib level where the recent swing low found support.
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The RSI formed a slight bearish divergence and managed to break below its recent low.
Also, notice that the pair is in an overall downtrend, trading below the 61.8% Fib level where the recent swing low found support.
Please hit the "LIKE" button to support us. Thanks!
