Sentiment : 0.9910 0.9880
The pair USD/CAD made a pullback on the resistance at 0.9866 last friday and then took up its bearish movement. The pair is currently testing the support at 0.98. All indicators are bearish. The pair is moving just below the lower band its bearish channel (purple lines). We continues to advise short positions as far as 0.9880 is resistance. The breakout of 0.98 will give a new sell signal and open the way towards 0.9750. In case of return above 0.9880, we will wait the breakout of 0.9910 to advise long positions.
Chart of the pair USD/CAD - Timeframe 4H - Zoom in :
Chart of the pair USD/CAD - Timeframe 4H - Zoom out:
USD/CAD Live Chart - Timeframe : 4h