In my little analysis I think USDCAD has been on a bullish rectangle from at least june, last year and through april this year as well. And it broke out of the rectangular pattern, with an ascending triangle. From which it has broken out this week to hit the long-term resistance zone of almost 7yrs ago. So even if it will continue to rise, I believe price is will...
In my little analysis I think USDCAD has been on a bullish rectangle from at least june, last year and through april this year as well. And it broke out of the rectangular pattern, with an ascending triangle. From which it has broken out this week to hit the long-term resistance zone of almost 7yrs ago. So even if it will continue to rise, I believe price is will...
Gold this week was full time bullish, that been said closer to the resistance major zone level. I expect price to reject that level and pull back with multiple confluences for bearish bias..
On the other hand, It may likely to push and break above the resistance to touch the next resistance... before rejecting for a bearish so full time looking for bearish bias...
