USDCAD Retreats to 9-Month Low, Confirming Bearish Breakout

<p>USDCAD has been in a steady downtrend since late May, generating a clear structure of lower highs and lower lows. Moreover, the technical picture deteriorated even further when the price broke below the base of the symmetrical triangle pattern, which triggered a massive decline towards a fresh 9-month low of 1.3137. The momentum indicators currently suggest [&#8230;]</p>
<p>The post <a rel="nofollow" href="https://www.actionforex.com/contributors/technical-analysis/506972-usdcad-retreats-to-9-month-low-confirming-bearish-breakout/">USDCAD Retreats to 9-Month Low, Confirming Bearish Breakout</a> appeared first on <a rel="nofollow" href="https://www.actionforex.com">Action Forex</a>.</p>