USD/CAD: 'Evening Star' pattern

USD/CAD: 'Evening Star' pattern

Information is not investment advice

There's an 'Evening Star' pattern, which has been strongly confirmed. It's likely that the pair is going to test the nearest support at 1.3259 and the 55 Moving Average. The subsequent pullback from these levels could be a departure point for another bullish rally towards the next resistance at 1.3531.

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Levels for trading USD/CAD

To gain the ability to head higher, towards 1.3445, USD/CAD needs to overcome 1.3355 (61.8% Fibo of the May-July decline).  

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