USD/CAD Attracts More Sellers!
The USD/CAD pair is trading at 1.3673 at the time of writing and it stands above the 1.3658 former low which represents a downside obstacle. As you can see on the H1 chart, the rate dropped below the uptrend line which represented a downside obstacle signaling that the uptrend ended and that the sellers could take the lead again.
Personally, I've drawn a downtrend line. This stands as an upside obstacle, so as long as it stays below it, USD/CAD could drop deeper.
USD/CAD Trading Conclusion!
Dropping and stabilizing below 1.3658 activates a deeper drop and brings new selling opportunities.
