USDCAD: Bullish Accumulation & Our Plan 🇺🇸🇨🇦

Long

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

OANDA:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis chartpattern waveanalysis usdcad forex canadiandollar usdollar technicalanalysis

Hey traders,

It looks like buying volumes are accumulating on USDCAD.
With a recent higher low formation the market is preparing for a breakout of 1.259 - 1.261 resistance cluster.

To catch a bullish swing, wait for a bullish breakout of the underlined yellow area.
That will be our trigger to buy.

Next resistance will be 1.278

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