We’ve spotted a great selling opportunity on the USDCAD and it’s a great occasion for both the mid and long-term. First, let me show you the big picture and the handsome price action that can be seen on a weekly chart. So, the main thing on the weekly chart is that the price is in a long-term down-trend. Most recently, we were in the bullish correction but it doesn’t change the long-term mood. A correction managed to test a key resistance on a psychological barrier of 1.3 (yellow). It was a crucial level for the past four years and it is still crucial now. 1.3 is additionally in the same place as the 38,2 % ... (full story)