USD/CAD: Watch For Bearish Turn At This Level

 | Jul 19, 2018 10:21AM ET

Hi traders,

USD/CAD may be nearing a complex pattern within the higher degree wave B), with the current rally from 1.3158 representing sub-wave C) of Y). We see price nearing interesting resistance levels around 1.3267/1.3300, from where a new bearish reversal may follow.