One I prepared earlier

Technical Analysis

Author: Matthew Bacon-Hall | usdcad

Always better with a touch of hindsight .

Over the following sessions I will drop a few charts into the mix, hopefully as they are unfolding

This is some preparation I got around to doing a couple of weeks ago, and has so far played out nicely with USDCAD retreating from the 1.3793 high following a nice ABC correction from 1.2968.

Another interesting aspect is the 12 month low to high from May 3 to May 5 that also coincided with correction formation.

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