USDCAD - Recovery Attempts Were So Far Unable To Break Above Daily Cloud, Downside Remains...

Discussion in 'Technical Analysis' started by Kaitlin, Aug 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The remains congested within narrow range in past few sessions, following strong two-day rally on 19/22 Aug. Strong bullish acceleration from two-month low at 1.2761 (posted on 18 Aug), was unable to break above daily Ichimoku cloud (spanned between 1.2919 and 1.2952), despite repeated attempts that briefly probed above cloud top.[​IMG]

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