USDCAD: Bearish reversal (long term).
USDCAD is on the down-move again after the recent 1.3385 peak. Following the 1D Death Cross in July (RSI = 41.105, Highs/Lows = -0.0056, MACD = 0.0000) and the Lower Low after the 1M Channel Up broke to the downside, the long term outlook is bearish on this pair and sellers should attempt to fill the gaps. Those that stand out are the 1W Support (1.28000) and the previous MA200 low (1.26200).
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