USD/CAD plunged below two important support levels in the yesterday’s session and now could try to stabilize under these broken obstacles.
Price is located below the 1.2460 log term support, a distribution below this level will confirm a further drop in the upcoming period, the next downside target will be at the lower median line (lml) of the descending pitchfork. Only a failure to reach the lower median line (lml) and a false breakdown below the 1.2460 will signal a reversal
