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USDCAD: Testing the annual support. Conditions for a crash.

Corto
Dólar estadounidense/Dólar canadiense (FX_IDC:USDCAD)  
InvestingScope  
FX_IDC:USDCAD   Dólar estadounidense/Dólar canadiense
Trend Analysis Chart Patterns Technical Indicators USDCAD USD CAD Forex Currencies currency DJ FXCM Index dollar canadiandollar
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trendanalysis chartpattern indicator usdcad usd cad forex currencies currency usdollar dollar canadiandollar
The pair is trading on a 1.5 year long Channel Up on 1M that has turned neutral (RSI = 50.869, Highs/Lows = 0.0000, MACD = 0.008) as the price is currently testing the 2019 1.30700 Support. If this level is crossed we may have the conditions for a flash crash to the lower Support levels (dashed lines). The Death Cross formation should come as confirmation. We will go short on the break out on multiple positions in order to strategically take profit on each support leve.





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