USD/CAD Price Analysis: Bulls and bears battle in key territory

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USD/CAD Price Analysis: Bulls and bears battle in key territory
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USD/CAD Price Analysis: Bulls and bears battle in key territory – by fx_ross USDCAD Technical Analysis

Bulls remain in play while above the triangle. USD/CAD Price Analysis: Bulls and bears battle it out at key structure

There are conflicting patterns on the weekly chart, wit the W-formation, on the chart above, and an M pattern on the Given the price had rallied towards the neckline of the M-formation, the path of least resistance was expected to be to the downside as the following daily chart showed: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

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