USDCAD Drifts Towards 1.08. Could Be a Potential Basing pattern?

Posted On 02 Jun 2014

Tag: Basing Pattern, Bearish, Matt Simpson, Thinkforex, USDCAD

Matt Simpson senior market analyst at ThinkForex discusses the USDCAD price action which has slowly drifted lower with bearish momentum having reduced significantly. Whilst not a buy signal yet it is one to keep in your watchlists.

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