Potential Head and Shoulders pattern on USDCAD

FX:USDCAD   U.S. Dollar / Canadian Dollar
The support at 1.3120 seems to be breaking, should it break we may see price bouncing off at the next support only to retest the new resistance at 1.3120 then head back down from there as the right shoulder to the head and shoulder pattern that would take us down to the beginning of the formation.


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