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USDCAD: Temporary Correction Within Downtrend

Discussion in 'Technical Analysis' started by Kaitlin, Jul 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    USDCAD has been trading quite aggressively lower a few months back after a decisive break out of an upward channel connected from May of 2015 lows, which was an important evidence for a change in trend. That said, price of USDCAD is likely going even lower as decline from 1.4680[​IMG]

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