USDCAD: Harmonic Movement & Pullback

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Dólar Americano/Dólar Canadense (FX:USDCAD)

FX:USDCAD Dólar Americano/Dólar Canadense

Support and Resistance Harmonic Patterns AB=CD Forex dollar canadiandollar USD CAD USDCAD Technical Analysis forecast swing

supportandresistance harmonicpatterns abcdpattern forex dollar canadiandollar usd cad usdcad technicalanalysis forecast swing

snapshot

USDCAD has reached a strong 4H resistance cluster.
it matches perfectly with a resistance line of a major major falling parallel channel.

+ we have a nice confluence of 618 retracement and completed abcd pattern with D point lying exactly within the identified supply area.

based on that the price will most likely retrace.

target:
1.3095

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