USD/CAD downtrend has stalled. If you're looking to go short on this pair, it might be prudent to wait for a better entry. The pair seems to be in the middle of a retracement as price has stalled and the Stochastic is showing that conditions are oversold. If the pair does pull back, it could go all the way to the 50% FIBO retracement level (also a former broken support level) before finding resistance.
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