USDCAD: Important Decision Ahead 🇺🇸🇨🇦
Updated
Analyzing USDCAD on a weekly we may spot a classic bullish accumulation pattern:
after setting a new lower low around 1.2 structure, the price bounced.
The market started to coil setting two higher lows in a row respecting one horizontal supply area.
Now the price is approaching that structure again.
Its bullish breakout (weekly candle close above) may trigger a strong bullish rally all the way up to 1.33 level.
Be prepared!
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