USD/CAD: Change of the growth divergence in U.S. Dollar

The U.S. Dollar fell today as investor see a less optimistic this week and that growth divergence could to reverse moving out of the risk sentiment as China se to lift the its city-wide lockdown to the return of the normal life in Shanghai and that could to help the global-growth of another nations. This it's my fundamental analysis that I found out.

So, technically we see that in H4 chart it's look bearish and I point a possible opportunity to find down 139 pips in this trade at the target profit of $1.2644 CAD. And we see that MACD indicator make confluence in the price that we're going to the sell.

Meanwhile, in Daily chart it's look bearish.

I hope that this analysis support you!!!

Good luck

I show you my trade info in my display to make a trade in this short position

Order dibatalkan:

We would need to cancelled this idea because in H4 and H1 timeframe we formed an envolging bullish pattern in the price action and maybe I will share my perspective to take in note. This it's a market trap and manipulation that occur now.

I decide to closed up my short that was in pending order at $1.2782 CAD