🍁USD/CAD Attention We're Falling 🍁

🍁 USD/CAD Attention We're Falling

🍁 Nearest strong support zone: around 1.337, 0.382 fibo level of the entire upward wave.

🍁 Nearest strong resistance zone: around 1.36, 0.236 fibo level of the entire upward wave.

🍁 Technical environment:
- Moving averages: Downtrend
- MACD: Downtrend
- RSI: Downtrend

🍁 Price action: USD/CAD for the past month has not found the strength to continue the upward movement, contributed by a sharp capital inflow into the Canadian dollar and a flight from the US dollar. What caused such sharp movements in recent days. Looking at the candlestick formation in which the price, after an upward breakout, accumulates slowly curling southward, the continuation of growth in this case seems very unlikely. It looks like the road to a coy strong wave of declines has opened before us.

🍁 The scenario I'm playing out is a continuation of declines given all the support zones that lie ahead. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

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