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14.07.202009:04 Forex Analysis & Reviews: USD/CAD - the short scenario is canceled!

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Exchange Rates 14.07.2020 analysis

Good afternoon traders!

The plan yesterday was to short the USD / CAD pair in the trading chart:.

Exchange Rates 14.07.2020 analysis

However, the quotes closed with a pin bar, but it is within a long-term trend:

Exchange Rates 14.07.2020 analysis

Such a development cancels the initial short scenario, but at the same time does not give a long one because there is a series of contradictions within it. This means that the USD/CAD pair is currently in a state of uncertainty.

Hence, remember to control the risks when trading. Good luck!

Andrey Shevchenko
Analytical expert of InstaForex
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