USDCAD is Bearish

11 Jun

Price action was controlled by bulls, however the matured bearish emergence on 15 min time frame indicates that bears are waking up and trying to gain control. Last higher low was broken and a lower low was printed after which the price has failed to print a new higher high and there are good chances that if the price breaks previous lower low, it will start moving down. Targets are mentioned on the chart.