USDCAD Will Move Lower! Short!US DOLLAR VS CANADIAN DOLLARTRADENATION:USDCADSignalProviderTake a look at our analysis for USDCAD. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 1.384. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 1.370 level. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!