USD/CAD: H&S pattern formed. Time to skydive!

6 thg 5, 2022

As it can be clearly inferred from the graphical illustration, a nice Head and Shoulders pattern has been formed around the area of a crucial resistance. We are now expecting for the price to keep dropping and reach the zone of support plotted on the chart. NFP report will be published today, so we have to keep a close eye on fundamentals as well.

With all that being said, happy Friday to everyone!