Sentiment : 0.9910 0.9880
The resistance at 0.9887 has perfectly acted as resistance yesterday and the pair USD/CAD got back below 0.9866, comforting our bearish feeling. Indicators are mitigated. The pair is still moving into its bearish channel (purple lines). We continues to advise short positions as far as 0.9887 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 0.9887, 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