Greetings Forexia Family, lets break down on what is going on with USDCAD from my own perspectives. I can see that the pair has overall downtrend. And its clear that it formed micro downtrend of the previous week’s high.
I believe the pair has trapped sellers and stop hunted sellers on Monday. And i believe the pair has trapped the buyers in the market.
Thus, i believe the pair has more potentials to go down.
PLEASE USE THIS ANALYSIS AS A GUIDE TOOL for your Trading.