Tag - cad - canadian dollar

USD/CAD: loonie is taking off
USD/CAD: loonie is taking off

USD/CAD is forming a “Three touches” pattern. A pullback from the upper border of the downtrend channel allowed bears to return the initiative.

USD/CAD: sellers lost the initiative
USD/CAD: sellers lost the initiative

On the daily chart, bears tried to form “Three Indians”, 1-2-3 and “Bat” with 88.6% target but failed to bring USD/CAD to an important support at 1.2925.

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