USD/CAD Price Analysis: Bears moving in and eye 1.3600/20 – by fx_ross USDCAD Technical Analysis
was out of favour on Thursday and USD/CAD remains within the bull cycle trend as the following analysis will illustrate. It was stated that the M-formation was a reversion pattern that could draw the price into the neckline. It was suggested that if this were to act as a resistance, the micro trendline would come under pressure and open the risk of a substantial continuation to the downside for the days ahead.
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