USDCAD weekly Range Cloning analysis.....cautiously bearish
After a strong run up from hitting S3 trend line support UC went into a consolidation phase, a big red candle broke the range and price is now between S 1 and mid point of Clone (C). Price is currently holding at a minor support, a break below could see price fall to S1 support or bottom of Clone (C), a break above mid point of current Clone could see price hit top of Clone (C) near term.
Amazing that some of the Clone boundaries align with key pivots.
Amazing that some of the Clone boundaries align with key pivots.
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