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USD/CAD BEARS ARE GAINING STRENGTH|SHORT

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Dolar A.S. / Dolar Kanada (FX:USDCAD)  
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FX:USDCAD   Dolar A.S. / Dolar Kanada
Trend Analysis Chart Patterns Wave Analysis USDCAD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.340 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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