USDCAD on downtrend

11 ก.ย. 2023

As we can see on the 30-minute chart the fibo-retracement from 50% and can't cross the trend line.

Friday, last week the Employment Change and Unemployment Rate news was in favor of CAD as well, the dollar index (DXY) is decreasing.

So, I'm bearish on USDCAD today at least for 1:1.5 RRR

Do you agree with my analysis?

Thank you, Regards