Tue, 03 Jan 2017 15:52:50 GMT
USD/CAD 30M Chart: Head and Shoulders
What appeared to be a hopelessly ranging market in USD/CAD, has now taken the form of a head and shoulders pattern and built up potential for a reversal. The pair is currently testing the neckline of 1.3462 and in case of a breakout, a bullish outburst should follow. There is a strong supply area above the neckline at 1.3469/3480 where