USD/CAD analysis for August 21, 2018
Recently, the USD/CAD has been trading downwards. As I expected, the price tested the level of 1.3013. According to the H1 time frame, I found that price is trading in the downwards regression channel, which is a sign that sellers are in control. I also found broken support trendline in the background, which is another sign of weakness. My advice is to watch for selling opportunities with that downward targets at 1.3000 and at the price of 1.2968.
Trading recommendations for today: watch for potential selling opportunities.