Reuters reports dollar retreats from 2 months high.

An interesting observation and looking at the charts, we can see a text book chart pattern.

Downward trend and a retest to a significant level.

We understand a fake out from the descending price could happen.

Watch out. Comment what you think
Chart PatternsTrend AnalysisUSDCADusdcad4hrusdcadanalysisusdcadbearishusdcadforecastusdcadideausdcadsellusdcadsetupusdcadshort

Also on:

Disclaimer