USDCAD has formed a reversal inverse head and shoulders pattern. We can see the down trend that was oppressing USDCAD has finally been broken and the current price has rejected up off of the new uptrend as highlighted. Price just now has a good risk reward ratio for entries so Is worth an entry when we see volume return soon.
if not we can enter on the break of the neckline of the reversal pattern when we see volume return.
DXY has a short term strength with the falling wedge pattern
if not we can enter on the break of the neckline of the reversal pattern when we see volume return.
DXY has a short term strength with the falling wedge pattern