looking at USD/CAD weekly & daily you can see we've had a previous bull flag pattern which ended in a large push to the downside towards the end of June 2017. We have been seeing another bull flag pattern forming ever since which has now reached around our previous high of may 2017. comparing both structures we look as though we are coming close to another melt especially with momentum looking to be slowing down.
I will also be adding a more short term analysis on this pair which I believe also indicates a push to the downside.
I will also be adding a more short term analysis on this pair which I believe also indicates a push to the downside.
