Look out for USDCAD potential downward movement!

2020-03-03 11:20:35

Within the next few days we can determine whether this currency pair will be bullish or bearish. Currently, it is a neutral position but i believe that a potential movement will occur for this currency pair. Do look up for potential pin bar which may allow us to determine the movement for this currency pair. As for now, I believe it is a short position. If it is bearish, I believe that a potential head and shoulder pattern may occur followed by a strong downward movement. However, if it is bullish, it may move all the way up to the resistance level @1.3485.

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