USDCAD Rallies in Downtrend

USDCAD is in the bearish area on the daily chart on the left. A bearish cross of EMAs and stochastic potentially align short-term traders with the daily. If signals occur, movement of stochastic to 20 level and maintenance of that level increase chance of a successful trade. Trend following indicators may be useful in this case as a potential exit tool. Stop above hourly high in conjunction with risk management techniques.