USDCAD developed a bearish pennant on daily which is a continuation pattern and after last days failure to make a new high we could see the start of a big move down.
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Boom! USDCAD breaks out of the pennant after it failed to make a new high as i expected, we should see some buyers stepping in at 1.28, if not 1.27 is the next level to look out.
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USDCAD testing pennant breakout and should now continue down.
