SAR is still on the falling USD/CAD rate

We see the increase in volatility in the USD/CAD.

Today’s trading day period led to an expansion of the Bollinger® band wide, more than 4 consecutive hours. On the hourly chart of the last closing price is below the 50-EMA. The bearish conditions should persist, so the SAR will be advised about the course.

A course change will be displayed by the SAR quickly, which suggests some profit taking in USD/CAD Short for a profit. There is the risk that the volatility will be extended on higher Timeframes.

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