Canadian Dollar Facing Falls

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    The USDCAD has been a star performer of late on the back of a surging US Dollar sentiment. However, technical analysis of the pair is signalling the potential for some sharp falls ahead as the bulls run out of steam. As most keen traders will note, markets regularly fall in to semi-predictable chart patterns that can be a harbinger of things to come. In the case of the Canadian Dollar, the pair has recently rallied strongly to the top of its range and now faces an unbroken area of resistance

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