Hello traders! Right now USDCAD is on the TOP of the daily channel. This strong rejection is also from 50% fibonacci retracement of previous down trend. We had the first strong down impuls on this pair based on the CAD strength. We are expecting a bigger correction at this level. Be patient and wait to see how price action develops. If the price continue to stay under daily MA, then you can look for sell opportunities in lower time frame. Don't jump into the first red candle. Follow me for future updates. TRADE WITH NO EMOTIONS!
