USDCAD Weekly Forecast 27th - 31st July

USDCAD has finished forming a Head and Shoulders pattern, and has successfully formed a bearish wave reaching the previous low before finding support.
We can see that the price USDCAD is currently in is a significant price of interest, forming 2 doji candles this week.
Should price be supported this week, we could wait for a retracement back to the neckline of the Head and Shoulders pattern before continuing to sell USDCAD .
However, should price break current support at the start of the week, we could then wait for a retest of this support turned resistance before selling USDCAD again.