There’s likely more pain ahead just north of the border for dollar bulls.
Pricing charts show that the
greenback is completing a diamond pattern, an off-center head and shoulders configuration, that would suggest further weakness versus its Canadian counterpart.
A close below C$1.32 would signal the completion of the current movement and likely build momentum toward key trend line support at C$1.30.
Source: Bloomberg Pro Terminal
Junior Trader Stefan Panteleev
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