H1 U/CAD Chart
DAILY CHART
Technical Analysis
On H4, we may note that there is a Double Top formation, now awaiting for the bearish downtrend to commence.
1.0410 support is the 61.8% Fibo Retr, which is also near the Ichimoku Cloud top support on H4.
Successful breaching the above level shall expose the next strong support at 1.0300, which is the Ichimoku bottom Cloud support and it is also near the 23.8% Fibo Retr.., And further downside may see the 1.2500 (its recent low), follows by 1.0000 next.
So SELL down this currency pair on further extension near 1.0515--1.0500, for a huge downside potential near term.
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