USDCAD Chart Technical Outlook

USDCAD Chart Technical Outlook price action highlights conflicting patterns
Price action has built conflicting patterns on the 4-hour chart:

  • We have a bearish ending wedge pattern that broke to the downside. Reverse trend line resistance is currently located at 1.3866.
  • We’re possibly forming a bearish Crab pattern. This will be completed at 1.4050.
    System analysis highlights buying dips at lower levels.
    For this reason, I suggest standing aside.

We will be happy to hear your thoughts

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