USDCAD Symmetrical Triangle + Resistance Trendline

Long

U.S. Dollar / Canadian Dollar (FX:USDCAD)

FX:USDCAD U.S. Dollar / Canadian Dollar

USDCAD 4h priceaction support Support and Resistance Trend Lines Bullish Patterns

usdcad 4h priceaction support supportandresistance trendline bullish

Even with a strengthening USDollar, Canada came out with positive news regarding the unemployment rate last Friday.

I am leaning towards bullish on this pair, looking to buy whenever price hits the green area.

After it breaks those 2 resistance trendlines, the next area of immediate resistance is in the mid 1.33s, around 1.3357.

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.