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Investment › USDCAD A Pattern Within A Pattern? Market Outlook For November 7th -11th, 2022 by computerglobal(op): 10:32am On Nov 07, 2022 |
The USDCAD chart hasn't disappointed price action-wise as it played out just as it should over the past week. So where is this pair likely headed? The Canadian dollar has shown a lot of resilience and strength against the US dollar over the past week breaking and closing below significant support levels from a daily and weekly time frame.
The head and shoulder pattern is now as clear as day for technical traders but what pattern was printed as clear and obvious as well? In the past week, we had a bear flag pattern play out as well which could spell out why this pair is likely to head down further
For more chart analyses like this
Visit: https://thechartistorb.com/weekly-projections/
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