USDCAD : Short Trade , 4h

Mar 3, 2023

Hello traders, we want to check the USDCAD chart in the 4-hour time frame. After moving in an ascending channel, the price has reached the specified resistance level, and this level has prevented the price from continuing to grow, and the price has fallen from this level, and the ascending channel has moved towards The bottom is broken. In order to be more sure that the price has a downward trend, the price must be able to break 1.35700 downwards, and if the bottom of this level stabilizes, we expect the price to fall to around 1.34700. Good luck.