USDCAD is set to continue lower

USDCAD retest rejection for a downside continuation

 

USDCAD is rejected from the previously broken resistance retest 1.3480. This will lead to a downside continuation which should accelerate upon a break below 1.3400. There is no significant resistance downside as the pair could quickly go for the 1.3000 test.

Note: look for the short trade with the stop loss above 1.3450

 

USDCAD downside continuation

 

 

 

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