USDCAD Chart Technical Outlook The downside correction to extend to 1.3512
Big picture analysis would suggest we are building a Crab formation. This will not be completed until 1.4065.
The shorter time frame highlights a different picture. Bespoke support is seen at 1.3512. The confluence zone for the AB leg in a Crab formation is located at 1.3521.
Although the long-term picture is mixed, I can see no clear indication of a change in the immediate trend. I would like to focus on 1.3520-12.