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ORBEX: USDCAD Triangle Pattern More Likely Now!

U.S. Dollar / Canadian Dollar (FX:USDCAD)  
Orbex  
FX:USDCAD   U.S. Dollar / Canadian Dollar
Trend Analysis Chart Patterns Elliott Wave USDCAD chartbites orbex correctivestructure
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trendanalysis chartpattern elliottwaves usdcad chartbites orbex correctivestructure
The USDCAD triangle pattern seems to be taking its final form, suggesting a marginal upside move before continuing longer to support the longer-term trend.

A successful test near the price/trendline intersection could offer a nice risk/reward medium-term opportunity.

Trade safe

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice

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