USDCAD: Chart of the Day – 8th March 2018

On USDCAD we have seen two days in a row where we’ve failed to close back above the key daily resistance (silver dashed line).

Should we get a break to the downside, through the green line, I will try to position short.

If I see my entry criteria and manage to position short, I believe we will make a move down to the white line, the next area of structure on the chart.

Click to enlarge

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