USDCAD - Down to 1.35900? (CONTINUED)
Please note that my continued analysis of this pair and others is purely for personal reference and improvement, I just wish to share my analysis and look back on to it as the market develops.
Last weeks Bull run that I had predicted has taken place (marked with blue line) and I believe that this week will be bearish for USDCAD after touching with the 4H supply zone marked on the chart. I believe that in the next few weeks we can expect a tightening of market range as outlined in the descending triangle on the chart, before an expansion to the downside of .35900 and possibly beyond.
Last weeks Bull run that I had predicted has taken place (marked with blue line) and I believe that this week will be bearish for USDCAD after touching with the 4H supply zone marked on the chart. I believe that in the next few weeks we can expect a tightening of market range as outlined in the descending triangle on the chart, before an expansion to the downside of .35900 and possibly beyond.
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