USD/CAD Price Analysis: Bears eye a break of bull cycle trendline – by fx_ross USDCAD Technical Analysis
. The following illustrates prospects of a downside continuation for the days ahead with 1.3400 and 1.3380 eyed:It was stated that the M-formation is a reversion pattern that drew 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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