Short Term Bearish Idea for USDCAD

٢٧ يونيو ٢٠٢٢

USDCAD
Shot term bearish idea for the pair

Pair is moving in 1D upward parallel channel, made a double top and retraced to 0.618 FIB level.
If it doesn't bounce back from current price, then probability to continue downward in channel is too high.

so I am bearish biased for short term with Target Price of 1.27696 and stop loss above 1.29250

Best wishes for Trade