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USDCAD Weekly Outlook

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USDCAD has been in a bearish down trend for quite a while now, and it does not look like it is going to be ending anytime soon.
From my previous USDCAD you will be able to see the short trades i have taken and my bearish analysis which i've had.

As of right now price is at the support level of a bearish channel. I am anticipating a pullback into the resistance level of the bearish channel before price continues on its downwards trend.

My long term downside target for this pair is 1.226.

Penafian

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