the reign of CAD is upon us

FX:USDCAD   U.S. Dollar / Canadian Dollar
50 1 2
imho             new highs in USDCAD             will offer an unprecedented opportunity to join the upcoming multi-year CAD conquest across the markets. If the analysis is right, we are looking below parity in USDCAD             .

*completion of a bearish harmonic *deep crab* pattern illustrated as a possible reversal point. This pattern is valid as long as 1.0955 level (point C) stays intact. The invalidation o the pattern has no effect on the overall analysis.

*The analysis is not published here, just the conclusion.
btw the pair is about to complete another, much bigger pattern - the Butterfly. Which only adds to the bearishness of the pair. As far as this pattern is concerned its already in play and i will consider it valid as long as price is below 1.1440.
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