USDCAD SELLS

9 de jul. de 2020

i am looking at USDCAD shorts. Yesterday we had a really weak US dollar because the economy is still pretty weak. Assuming yesterdays US dollar was weak There is some non high impact news being released in a few minutes we also have to take in consideration. On a technical side USD has been dumping for a while now and price found some support *in my grey box* It seems to be also finding resistance right at the 1.35252 price point (possible double top being made) if the 4 Hour closes bearish and resistance holds we can get a break of this mini downwards trend line. If we get a breakout of the trend line I will simply look for a B/R (break and retest) of my current support but as a resistance. If we get a break of the resistance at 1.35252 i'll adapt to the markets structure and wait for a retest of that previous resistance as a support to take a long.