USDCAD D1 10 22 2019 1200

The USD/CAD currency pair might continue to fall in the near term. The MACD is still into negative territory on the daily chart. The price on the daily chart is still above EMA 20, EMA 50, and EMA 100. This pair may fall to form a triangular shape at 1.2790, where is 61% Fibo.

USDCAD W1 10 22 2019 1202

The RSI is still below 50 on the weekly chart, and this is a sign of a downtrend. Moreover, the price has already reached EMA 20, EMA 50, and EMA 100.

 

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