NFP results for USD were not good today and employment change results in CAD was better than expected.
It is very possible USD/CAD is now in a short trend as indicators and candlesticks indicates.
If the 200 EMA is broken, then it's going to go down until it finds support and the trend changes.
Kommentera
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Bearish trend on the daily on USD/CAD is still present. We can keep shorting this currency pair until signs of reversal. Short with care as we're getting close to 1.24-1.2460 support area for a reversal.