USD/CAD:SELL From Pullback Neckline Head & Shoulders SHORT Setup

Short

U.S. Dollar / Canadian Dollar (FX:USDCAD)

Updated

FX:USDCAD U.S. Dollar / Canadian Dollar

Trend Analysis Chart Patterns Fundamental Analysis USDCAD USD CAD usdcadshort Contains image

trendanalysis chartpattern fundamental usdcad usd cad usdcadshort containsimage

USD/CAD shows a Reversal Head and Shoulder in a lower timeframe with a pullback on the dynamic Neckline of the pattern and the price following the negative correlation with EUR/USD today is falling down. If the economic USD data about the Core PPI m/m and PPI m/m will negative, we will see an interesting short in this pair.

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