USDCAD is Forming a Down Trend

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Hey Traders, in today's trading session we are monitoring USDCAD for a selling opportunity around 1.37400 zone, USDCAD is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 1.37400 support and resistance area.
Trade safe, Joe.
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Decent pullbacks approaching the trend now, BoC may consider waiting until July to cut rates

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USDCAD falls to a new low for the week
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Perfect rejection of the trend but in another support and resistance downwards
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We are doing good now, USDCAD broke perfectly below 1.37000
Сделка активна
seems like sellers are willing to take control
Bearish PatternsBeyond Technical AnalysisCADTechnical IndicatorsSELLshortTechnical AnalysisTrend AnalysisUSDUSDCAD

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