Technical Analysis – Outlook 2018: USDCAD in long-term upward reversal; further short-term bearish correction before gains
USDCAD has been developing within a rounding bottom pattern since 2009 until the end of 2015. Rounding bottom is a reversal pattern and as the previous trend was a downtrend, the expectation is for a rising movement on a long-term basis. During January 2016, the pair recorded a fresh 13-year high at 1.4690 and then […]
