Hello traders!
Here are my thoughts on USD/CAD.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🎯Confluence:
1) Strong bearish trend on the weekly timeframe.
2) Price broke through daily structure and re-tested it.
3) DXY is falling down
4) Price is below 50 MA, MACD shows downtrend
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading