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USDCAD is Forming a Down Trend

Por JoeChampion
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Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37400 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37400 support and resistance area.
Trade safe, Joe.
Nota
Decent pullbacks approaching the trend now, BoC may consider waiting until July to cut rates

snapshot
Nota
USDCAD falls to a new low for the week
Nota
snapshot

Perfect rejection of the trend but in another support and resistance downwards
Nota
We are doing good now, USDCAD broke perfectly below 1.37000
Trade ativo
seems like sellers are willing to take control
Bearish PatternsBeyond Technical AnalysisCADTechnical IndicatorsSELLshortTechnical AnalysisTrend AnalysisUSDUSDCAD
JoeChampion
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