anyone have an opinion on the usdcad pair?
I think it is back into its previous down channel, with a bias toward the lower end of the channel since previously it was trending on the upper end of the channel and taking into account the recent break of the channel to the downside.
On the flip side recent daily price action leads me to believe it will test the channel resistance to the upside soon and then head lower.
Any comments would be appreciated. Any Pattern analysis help would be appreciated since I see no discernible patterns.
Thanks
I think it is back into its previous down channel, with a bias toward the lower end of the channel since previously it was trending on the upper end of the channel and taking into account the recent break of the channel to the downside.
On the flip side recent daily price action leads me to believe it will test the channel resistance to the upside soon and then head lower.
Any comments would be appreciated. Any Pattern analysis help would be appreciated since I see no discernible patterns.
Thanks
Attached Image (click to enlarge)
hope for the best and expect the worst.