USD/CAD SHORT FROM RESISTANCE

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Dólar Americano/Dólar Canadense (FX:USDCAD)

FX:USDCAD Dólar Americano/Dólar Canadense

trendanalysis chartpattern waveanalysis usdcad short sell trading bearish forex forecast tecnhicalanalysis containsimage

Hello,Friends!

USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is evidently rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.327 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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