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USDCAD Outlook: Formed Evening Star | December 31, 2016



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Usdcad has formed Evening Star on daily time frame on resistance level. It can be good reversal signal as per technical view. We can go for short on this pair for long term. Target can be 1.3100 level for short entry.

First support for this pair lies on 1.3290 level. 1.3000 level can be critical for this pair. For more downward rally, we can join with this rally with some retracement. Buyers need to be careful to take long entry. Without bullish sign, we should not go for buy on usdcad on next week.


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