USDCAD potential head and shoulders bottom

١٢ ديسمبر ٢٠٢٣

USDCAD is currently consolidating at a low level. In the short term, we can pay attention to the support near 1.354. If the price stabilizes at this position, the market is expected to form a potential head and shoulders bottom pattern. The upper pressure will focus on around 1.362. After a breakthrough, it is expected to continue to rise.