FXHighway

USDCAD faces contradicted patterns

FX:USDCAD   U.S. Dollar / Canadian Dollar
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The USDCAD is confined inside a potential symmetrical triangle's pattern, the confirmation line is 1.1150, breaching above this line will push the price to exit the recently started bearish correction.

On the other hand, breaking below 1.0990 will complete a double top pattern, with targets that reach 1.0610 mainly.


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