The USDCAD is forming a "Descending Triangle" pattern. We are waiting for the last touch on the resistance level and break it as well. After breaking the resistance level, this will become our support level and we will wait for a retest on that level so we can go on a long bullish movement.
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The USDCAD is forming a "Ascending Triangle" pattern. We are waiting for the last touch on the resistance level and break it as well. After breaking the resistance level , this will become our support level and we will wait for a retest on that level so we can go on a long bullish movement.