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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

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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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