USD/CAD - Bullish Bat pattern on daily chart
Pair could be heading towards 1.25435, which is the Leg D or potential reversal zone of the Bat pattern. Unless prices do not move above point C 1.3144, the odds of the pair moving lower to Leg D remain intact.
Furthemore, a turn lower from the recent high of 1.30856 has kept the falling top formation intact. Hence, fist sign of a possible failure of the Bat pattern would be a move above 1.30856.
Furthemore, a turn lower from the recent high of 1.30856 has kept the falling top formation intact. Hence, fist sign of a possible failure of the Bat pattern would be a move above 1.30856.
