After a long rally from an ending diagonal of wave 3 the pair is forming a Head and shoulder pattern. The breakdown of the neckline will bring the prices down to the previous supported as shown in the analysis.
USDCAD LOOKING LIKE BULLISH IN MARKET BUT O TOP THERE IS RESISTANCE AND RESISTANCE ZONE WHEN IT BREAK RESISTANCE ZONE IT MAY HAVE STRONG BULLISH MARKET .... BUT MAX CHANCES IS MAY MAY BE BEARISH.
#VSGROUPS #VAMSHICHICHU #USDCAD
While all are busy with Nifty and stocks we must not ignore that the USDINR has registered a breakout from a 6 months symmetrical triangle. The RSI is well placed into bullish zones with the pattern target placed at 74. However a break below 71.55 will render the pair into consolidation again.