The USD/CAD fell today, ending with a shooting star shaped candle. The location is roughly where you want to see it for a short, since it is currently just under the all-important 0.97 level. The recent highs around the 0.9725 area could be a good place to set stops on any selling you do. Buying still isn’t recommended at this time since the overall trend is certainly still down, and very strong.
Written by ForexMansion.com