USDCAD Rejected on its 1D MA200. Sell signal.

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USDCAD Rejected on its 1D MA200. Sell signal.U.S. DOLLAR / CANADIAN DOLLARFX_IDC:USDCADTradingShotLast time we looked at the USDCAD pair (August 21, see chart below), the Channel Up gave us an excellent sell signal right on its top, which easily hit our 1.37715 Target: The market is currently giving us a strong signal yet again as the price not only hit the top of its Channel Up but also the 1D MA200 (orange trend-line) for the first time since May 13 2025. That was the time it suffered a brutal rejection to multi-month lows and again upon testing it yesterday, it is being rejected. With the 1D RSI also hitting its own Resistance Zone, we expect the price to pull-back to at least its 0.5 Fibonacci retracement level, similar to August 07. As a result, our short-term Target is 1.8570. ------------------------------------------------------------------------------- ** Please LIKE πŸ‘, FOLLOW βœ…, SHARE πŸ™Œ and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- πŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’ΈπŸ’Έ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡ πŸ‘‡