A closer look at the USDCAD

The bear flag forming and it is getting close to dropping below the 100 MA with the 20 MA getting on board for the cross

Komentar:

A possible retest ?

Komentar:

Looks like the pair just made a new LH with the recent retest of the lower channel of support.
A close below the MA's and the recent low with a retest of that recent low should do it for a trade entry.
That would be a plan, lets see how this plays out.

Komentar:

Not today anyway. But if it holds the day at the long term trendline, it could be forming a double top. So next week could be a move lower.