USDCAD has traded in a downtrend since 2016, at this point it is very close to the top of the weekly trend line, indicating a high probability of a downward momentum this week.
In the daily timeframe it can be seen that the price has rejected our daily trend line several times, having made a slight correction, it seems that it will change to a downtrend.
In the daily timeframe it can be seen that the price has rejected our daily trend line several times, having made a slight correction, it seems that it will change to a downtrend.