USDCAD has formed a cup and handle pattern on a daily TF. If it respects the pattern, this bearish movement in USDCAD could possibly be the retest. While price is sitting on trendline already, there's a good chance the price will drop further before reversing and making moves to the upside.
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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.