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USD/CAD: where are we headed next?

Singkat
Dolar A.S. / Dolar Kanada (FX:USDCAD)  
Investroy  
FX:USDCAD   Dolar A.S. / Dolar Kanada
Support and Resistance Supply and Demand Trend Analysis USDCAD priceaction Technical Analysis forextrading investroy
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supportandresistance supplyanddemand trendanalysis usdcad priceaction technicalanalysis forextrading investroy
To start with, the sentiment of the market is bearish. A nice downtrending channel has been formed and the price is at the lower boundary of it. We can expect the price to keep growing on the short-term and complete the re-test of the broken zone of support and visit the area of the upper boundary of the created channel before continuing its downside movements. We are gonna wait for a nice bottom to be formed before we set our target at the resistance line of the formed range. The long-term target profit will be set at the 1.23 zone of crucial support.

Happy trading, family!
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