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EliteTradingSignals
1 feb 2024 13:27

USD/CAD BEARS ARE GAINING STRENGTH|SHORT Kort

U.S. Dollar/Canadian DollarFXCM

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Hello,Friends!

USD/CAD pair is in the uptrend because previous week’s candle is green, while the price is obviously rising on the 2H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.340 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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