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USDCAD Looking for more down | July 6, 2017



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Usdcad is facing strong downward rally. This pair can fall more as sellers are trying to make this pair more down. 1.2910 is a little barrier for this pair. If this pair can overcome this support, then usdcad can fall more. So sellers can hold sell entry if it can break the barrier.

Sell zone for this pair lies at 1.2950-60. SL will be above 1.3015 and TP will be 1.2850 level.

There is no buy candle confirmation yet. So buyers should be careful about taking buy on usdcad at this moment. This pair is facing huge selling pressure. So buyers need strong candle on daily or h4. 

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