USDCAD Triangle To Push Prices Up, Up, Up!
USDCAD holds above 1.4100 today which is an important level in the short term. The 4-hour chart is showing us that it is in a bullish triangle formation.
The levels we must watch in mind are the following: 1.37865, 1.39588, 1.40548 - 1.42469, 1.43796, 1.45152
Note: If we lose the 1.39588 level, it is highly likely the next major support is around 1.37865.
What do we have here?
✔️ Bull Triangle Formation
✔️ USDCAD- Holding Minor Support Level
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
The levels we must watch in mind are the following: 1.37865, 1.39588, 1.40548 - 1.42469, 1.43796, 1.45152
Note: If we lose the 1.39588 level, it is highly likely the next major support is around 1.37865.
What do we have here?
✔️ Bull Triangle Formation
✔️ USDCAD- Holding Minor Support Level
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
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