Potential Short on USDCAD incoming:
Broke a strong support level, and waiting for a retest.
Fundamentally, the US has been hit pretty hard with the coronavirus and the GDP is coming out tomorrow which will probably not be good. As for the CAD, prices of Oil are slowly starting to rise which is good for the CAD, thus why I find USDCAD as a short has great potential.
Broke a strong support level, and waiting for a retest.
Fundamentally, the US has been hit pretty hard with the coronavirus and the GDP is coming out tomorrow which will probably not be good. As for the CAD, prices of Oil are slowly starting to rise which is good for the CAD, thus why I find USDCAD as a short has great potential.