Emerging Channel Down detected on USDCAD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the next few hours. The price at the time the pattern was found was 1.36681 and it is expected to move to 1.3725.
Supported by Upward sloping Moving Average
Target: 1.3725 Entry: 1.3668 Stop: 1.3603
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