Here on USDCAD we can see that price has been trending downwards since early March while also still managing to stay within a consolidation zone ranging from 1.41500 to 1.38700. Price recently started to show signs it is trying to make a lower lower and continue its trend down. Price recently broke out of a structure and found strong resistance at 1.39600 indicating that it has potential to move much lower. Another reason as to why I am selling this pair is due to the fact that the DXY has been dropping and with things in the US only getting worse it seems logical to look for sells.