USDCAD, Daily outlook to 0.31460
Price has failed to create new higher highs in this market and successfully broke the uptrend to the downside showing a potential change of trend.
Price has now broken our key support level, forming a new lower low.
We would be waiting for the price to create a pullback into our previous support level with bearish candlestick confirmation before looking for Sell positions for about 500+ pips target. 1:4 Risk: Reward target on this trade.
Price has now broken our key support level, forming a new lower low.
We would be waiting for the price to create a pullback into our previous support level with bearish candlestick confirmation before looking for Sell positions for about 500+ pips target. 1:4 Risk: Reward target on this trade.