USDCAD - GO SHORT BELOW @1.25

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We can decide to go short on UCAD based on the following:

- The price @1.125 is a key S/R level and price has broken and closed below it on Friday and opened below it today;
- CAD is strengthening across board as a result of the fundamental release on Friday and that can drive UCAD down more;
- USD is retreating from its recent top and can be seen impacting on ***USD, pushing them upside and USD*** dropping.

This bearish bias may not last, may be some sort of retracement as UCAD is just returning back upside from a long-term
bearish move that found a multiyear support recently. So, we can only see how it plays out.


DISCLAIMER: Please note that this is not an investment advice for anybody to run or undertake; It is for
educational purposes only and they are my personal views on this assets. If anything goes south, I am not liable.
Also, know that Forex is a high risk and reward business. So, do not trade with borrowed money or the one you
can not afford to lose.