USD/CAD Price Analysis: Bulls could be about to make their moves, but bears are testing commitments – by fx_ross USDCAD Technical Analysis
The bulls need to cover come the recent highs for a measured move into restest a key resistance structure. has been under pressure, falling into support near 1.2990 while resistance is situated around 1.3080. The following illustrates a prospective path of price action for the day ahead given the current structure that has been broken to the downside.
retracement of the bullish correction;'s range, so far, then there will be a higher probability of a continuation tot he upside over the coming day. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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