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Can the USD/CAD Confirm a Near-term Head and Shoulders?

posted by Avatar FXTimes 313 days ago in USD, CAD, Technical made popular 313 days ago

The USD/CAD appears to have formed a head and shoulders pattern in the 1H chart. A head and shoulders patter is traditionally seen as a warning for bearish reversal after a rally. However, the other side of it is that it is simply an ABC correction. A pullback can often help identify if its the reversal pattern, or just a corrective move...
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