USD/CAD STRUCTURE ANALYSIS|

תמונת-בזק
The pair is trading in a downtrend, way above its diagonal support.
תמונת-בזק
The range that the pair was trading in is broken, and the pair is falling towards the new solid horizontal support, that is very well visible on the 3 day chart.

The support of the range is now the new resistance.

According to the RSI the pair is now oversold, thus, I expect a possible pullback, into the area of close to the new resistance.

Should that happen, a short from that level is reasonable.

The targets would be the reversal level and the ultimate support zone.

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