USDCAD is testing the downside confirmation at 1.3163 where the horizontal swing low is. If price closes below this level, it could indicate further downside to come. MACD is also indicating more bearishness to come.
Trading Recommendation
Entry: 1.3161
Reason for Entry:
horizontal swing low
Take Profit: 1.3119
Reason for Take Profit:
Horizontal pullback support ,61.8% Fibonacci retracement
Stop Loss: 1.3204
Reason for Stop Loss:
61.8% Fibonacci retracement, horizontal swing high
