FX.co ★ USDCAD Tic-Tac-Toe Analysis

USD/CAD Analysis (203 step chart):
On the 203 step chart, the pair is in the grip of downtrend.
Still we can see that the price is moving away significantly from the trend line which signifies of the upcoming correction.
As far as the main tendency is descending, it is necessary to look for sell signals on the smaller chart.

USD/CAD Analysis (103 step chart):
Let us examine the most optimal intraday sell points on this chart:
1) Overcoming of the support at 0.985 (sell signal)
2) Overcoming of the resistance at 0.994 (sell signal)
The main sellers’ purpose is the support level of 0.98.