USDCAD Is Bearish! Sell!

Here is our detailed technical review for USDCAD.

Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The price is testing a key resistance 1.431.

Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.413 level.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Like and subscribe and comment my ideas if you enjoy them!