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tommywilson

Broken head and shoulders neckline! Bearish on USDCAD!?

Short
U.S. Dollar / Canadian Dollar (FX:USDCAD)  
tommywilson  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Fundamental Analysis short Bearish Patterns USDCAD neckline confirmation CPI USD
2
0
trendanalysis chartpattern fundamental short bearish usdcad neckline confirmation cpi usd
Just broke the neckline of a pretty big head and shoulders.

I'm looking for a retest of broken neckline support to be confirmed as resistance at the first circle.

First target at longer term support, second target at the projection of the head and shoulders.

Wednesday's CPI data may help confirm direction.
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