USDCAD Weekly Reversal Confirmed as Key Structure Breaks
USDCAD broke out of a weekly Head and Shoulders pattern. Overall it is a very ugly reversal pattern. However, the most interesting area here is the weekly structure that was broken out.
Today we have the FOMC and Bank of Canada Interest rate decision, and the price could be volatile. Both are very important.
It is possible that USDCAD could test the broken pattern near 1.3650 before dropping further to 1.3450 and 1.3250.
You may find more details in the chart.
Thank you and good luck! 🍀
❤️ If this analysis helps your trading day, please support it with a like or comment ❤️