Bearish possibilities with USD/CAD
We see price recently broke out of a bear flag pattern after testing a key level. Note that the bear flag was a form of confluence to a larger ascending channel that price broke out of. My prediction for price is that it will drop to the base of the large ascending channel.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.