Three reasons to be bearish on USDCAD
1. Previously USDCAD is up because oil price is falling. Now oil price has rebounded, this should strengthen CAD and push USDCAD lower.
2. Resistance is formed at 1.0300.
3. Daily stochastic is showing sell signal.
Shorted 20,000 USDCAD at 1.0236
Stop level at 1.0314
Target level at 1.0114
Chart:
Forex and Binary Trading: Three Reasons to be Bearish on USDCAD
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