USD/CAD Price Analysis: Broadening formation and bullish extremes point to lower – by fx_ross USDCAD Commodities
The wicks on the last few months not only represent a price extreme on lower time frames but have mitigated a price imbalance from the November 2020 supply. This leaves scope for a move to the downside for the foreseeable weeks and days ahead. As illustrated above, the increasing price volatility can be shown as two diverging trend lines, one rising and one falling and here we have a broadening formation within another.
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