Next Move On USDCAD?

Hello traders!

Lets talk about USDCAD.

Since August 2021 we can clearly see that we have an ascending channel followed by a repetitive behavior till present.

Currently the price touched a rejection point at 1.30759 and broke an ascending channel on the 1H chart signaling a reversal of the price.

When the price moved lower, it formed a bearish flag and I executed the trade.

Currently the price might be forming a bearish flag for more downside continuation.


#THEPRIMES