Forex
USD/CAD Price Returns Within Previous Boundary After Failed Breakout
The USD/CAD price action has been analyzed using Arc Cycle Analysis on the 4h chart, revealing that it briefly broke above the 0.618 Arc before returning within its previous boundary.
This failed breakout indicates that the original Arc structure remains intact, favoring a reversal towards the opposite Arc, which could potentially reach 1.3934 price.
The analysis suggests that if the price continues to hold within the reclaimed Arc boundary, the preferred scenario is a return towards this primary target zone.