USDCAD


USDCAD is currently rallying around 1.38731. On the 30 Minutes Chart , the previous  candle closed below the previous  52 Period Exponential Moving Average.
This is a possible Indication that we are in an active Down trend . This trend is supported by the fact that the price is below the previous day's Lowest Low 1.40933. While we continue to see a sustained move below 1.40933 we expect a surge much lower with an Ideal Target at 1.40826. At this point, Sell Positions looks ideal and can be recommended with an ideal take profit 1.40067