EURCAD Lower

I like EURCAD lower here

2 year yield differentials for EURCAD are pointing lower, EURCAD has been following this fairly closely - i think it should continue lower with the BoC somewhat matching the feds hiking pace and the ECB still looking to start theirs.

Europe also has a lot of potential issues to deal with in their economy as well due to rising energy prices and geopolitical uncertainty while Canada is benefitting from a strong terms of trade on the back of rising energy prices.

nice triple top on a key resistance area so this should help support the downside.

Not trading/investment advise, feedback welcome!