USDCAD: Bearish Forecast Explained 🇺🇸🇨🇦

Short

Dollar Américain / Dollar Canadien (OANDA:USDCAD)

OANDA:USDCAD Dollar Américain / Dollar Canadien

trendline mtfa candlestick usdcad daytrading daytradingsignals forexsignals usdollar usd dollar forex trading

USDCAD is approaching an important confluence zone
based on a daily horizontal resistance and a falling trend line.

Testing the underlined area, the price was heavily rejected from that on a 4H
and formed a doji candle then.

I expect a bearish movement now.
Goals: 1.3350 / 1.3325

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