USDCAD: Potential Short Trade Explained 🇺🇸🇨🇦

٨ أبريل ٢٠٢٢

USDCAD is retesting a major broken trend line.
On that, the price is currently consolidating.

To short the pair with a confirmation you need a bearish breakout of 1.2566 - 1.2577 minor support.
Its violation will trigger a bearish continuation.

Goals will be 1.254 / 1.251

If the price breaks the trend line to the upside, the setup will be invalid.

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