USD/CAD:Rounding top pattern is in process of formation

Aug 1 , 2018

 

By observing the daily technical chart we can see that earlier pair was making successively higher highs and higher lows by taking the support from an uptrend line. But after arriving 1.3380 level it stopped and  slipped down to 1.3012 level. Well in the recent selloff the uptrend line has been breached out which means there are no more bullish sentiments.

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