FX.co ★ Daily Video Analysis: USDCAD facing bearish pressure, potential for further drop

Today we take a look at USDCAD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. USDCAD is facing bearish pressure from the descending trendline, where it could possibly reverse from our sell entry level, in line with our horizontal overlap resistance, and drop further to our take profit level.