USDCAD Sliding Downwards

٨ فبراير ٢٠١٧

Depending on Crude Oil Inventories numbers coming out today, I believe USDCAD have been looking downwards for some time. If you see the RSI that have made a few bursts upwards, price didn't break the previous high on those bursts. MACD about to form a double wave. So I see a much bigger selling attitude from all traders. It would be wise to wait to see if it breaks 10EMA before going short.