USD/CAD: Gravestone Doji and bearish MACD
The pair ended with a gravestone Doji candle on Friday. The follow through has been really bearish, but it isn’t bullish as well.
Moreover, the pair gapped lower in Asia only to fill the gap in Europe. However, it failed to hold gains above 1.34 handle.
The daily MACD is also about to confirm a bearish crossover, thus prices are more likely to retreat than not. On the downside, break below 1.3336 (daily low) would open doors for 1.32 handle.
Moreover, the pair gapped lower in Asia only to fill the gap in Europe. However, it failed to hold gains above 1.34 handle.
The daily MACD is also about to confirm a bearish crossover, thus prices are more likely to retreat than not. On the downside, break below 1.3336 (daily low) would open doors for 1.32 handle.