USD/CAD Technical analysis
The counter is in a long-term bear cycle.
And it is in its longest leg of the cycle -- wave 3.
The sideways consolidation in the counter is a mere pause in the rally and we expect it to render a bearish breakout anytime soon.
The MACD indicator has also turned bearish now.
So, we expect the pair to move down from here.
And it is in its longest leg of the cycle -- wave 3.
The sideways consolidation in the counter is a mere pause in the rally and we expect it to render a bearish breakout anytime soon.
The MACD indicator has also turned bearish now.
So, we expect the pair to move down from here.
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