Observing the Monthly-timeframe movement on USD/CAD, it could be inferred that the price has rejected the upper barrier of the rectangular range as mapped on the graph and formulated a new top. From here, in the upcoming long run, we are anticipating for the price to keep declining and, eventually, reach the lower boundary of the channel as indicated on the graph.
Candlestick AnalysisForexforextradinginvestroypriceactionRectangleSupport and ResistanceTechnical AnalysisUSDCAD

Aussi sur:

Clause de non-responsabilité