USDCAD Trading in Descending Triangle Pattern

Short

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

OANDA:USDCAD U.S. Dollar / Canadian Dollar

trendanalysis chartpattern usd usdcad cad usdcadanalysis technicalanalysis breakout

USDCAD is trading at top and it is forming a descending triangle pattern which is sign for trend reversal if it breaks from the descending triangle pattern we may see further down side in USDCAD but as up trend was strong in USDCAD it may consolidate in channel for while one can trade on triangle breakout for downside or can trade for very short profit booking

Stay With Us for More Idea and do FOLLOW Us For Latest Updates.

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.