USDCAD monthly : a hanging man ?

[stephane]

Still one day to go to close the month, but there is a superb hanging man on USDCAD monthly . I do not want to buy this pair.

 

[bigdolly]

Still one day to go to close the month, but there is a superb hanging man on USDCAD monthly . I do not want to buy this pair.

View attachment 21820

So do you consider shorting or going long on this pair? It looks a bit confused for me

 

[fxstrategist]

Good pullback on the USDCAD from the 1.3329 level to the 1.3223 from where it may bounce back up, but the peak at the 1.3329 level could act as resistance again.

 

[fxstrategist]

The USDCAD keeps rising and we can see a golden cross on the daily chart around the 1.3200 level. The price breaks above the 1.3400 level and it could reach the 1.3500 zone if the price of crude keeps dropping.