CAD prepares for its next move down
1. CAD is in a strong bearish head & shoulders pattern.
2. CAD shows lots of weakness on the back of persistent US and G7 inflation numbers, with BoC being the first to pause rates amidst a slowing economy in Canada.
3. At this moment, 6C showing a false breakout before its next move down.
2. CAD shows lots of weakness on the back of persistent US and G7 inflation numbers, with BoC being the first to pause rates amidst a slowing economy in Canada.
3. At this moment, 6C showing a false breakout before its next move down.
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