USDCAD formed a double top pattern, perfectly respecting a 618 retracement of the major bearish impulse.
On focus is 1.352 - 1.355 horizontal neckline.
If the price breaks and closes below that on a daily, it will confirm a highly probable bearish reversal.
A bearish move will be expected then to 1.342 support.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.