Sentiment : 1.0350 1.03
The pair USD/CAD has continued yesterday its bearish movement and is currently testing the support at 1.0230. The pair is moving into a short term bearish channel (purple lines). All indicators are bearish. We continue to advise short positions as far as 1.03 is resistance. The breakout of 1.0230 will give a new sell signal and will open the way towards 1.0150. In case of return above 1.03, we will wait the breakout of 1.0350 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