USDCAD is continuing its downtrend.
Hey Guys!
As I published previous days ago the USDCAD was on a strong weekly resistance. This pair is actually running on its downtrend and I can potentially the level of the 200 EMA (as a usual Mean reversion). We should also be aware about the Oil price macro news because it's highly correlated to the USDCAD and highly drive this pair. I will give you an update about this pair during the week.
Like and comment if you liked the idea.
As I published previous days ago the USDCAD was on a strong weekly resistance. This pair is actually running on its downtrend and I can potentially the level of the 200 EMA (as a usual Mean reversion). We should also be aware about the Oil price macro news because it's highly correlated to the USDCAD and highly drive this pair. I will give you an update about this pair during the week.
Like and comment if you liked the idea.
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