USDCAD - brokeout the flag!
The price looks to have been able to break out the flag that it has been forming over the last few days, the price has made substantial gains but looks very likely to retrace back to around 1.2942, if the price successfully bounces we could see this pair rise all the way to around 1.3034. This option looks much more likely than the aggressive push towards 1.3034 because the RSI is currently in an overbought position and a massive long legged doji has just closed, this may cause a temporary drop. I will keep everyone updated on this pair.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.