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Altcoin_Ninja24

USDCAD - Bear Triangle Setup

Short
U.S. Dollar / Canadian Dollar (OANDA:USDCAD)  
Altcoin_Ninja24  
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Technical Indicators Chart Patterns
2
0
indicator chartpattern
USDCAD is trading in a bear triangle setup. The breakout of the triangle will confirm the bears control over the market.


USD/CAD gaps lower ahead of the Federal Reserve interest rate decision on August 1, with recent price action raising the risk for a further decline in the exchange rate as the bearish momentum appears to be gathering pace.
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