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Nov 08 - 08:55 AM

USD/CAD - Potential Weekly Harami Warns Of Reversal Risk

By Peter Stoneham  —  Nov 08 - 06:50 AM
  • A volatile week for USD/CAD and set to end near mid-range

  • Wed's price extremes set the range, 1.3817-1.3958

  • Choppy price action has clouded direction

  • Despite Wed's rally the market is trading clear below its 2024 1.3959 high

  • Weekly chart set to record a bearish harami (inside week)

  • On balance, the CAD holds an advantage with a USD/CAD reversal the risk

  • USD/CAD Trading Page TGM2345

    For more click on FXBUZ

Source:
Refinitiv IFR Research/Market Commentary

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