IanMFX

USDCAD 4H ABCD within Daily Consolidation

FX:USDCAD   U.S. Dollar/Canadian Dollar
25 1 3
I See a possible ABCD pattern within the current consolidation on this pair 4H chart ? and better detailed on 1H. PRZ at arround 1.2740 or would possibly turn bearish near northern consolidation resistancem unless pair breaks to upside.
Well, despite the today's spike down of about 300 pips nearing the 2168 and 1618 retracement, note sure if it is just a momentary spike or a beginning toward bearish pair. Knowing that the US and CAD news affected this spike. We'll see.
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