USDCAD chart analysis

U.S. Dollar/Canadian DollarFXCM

Description

⋅ Dec 5, 2018 11:02 PM

Two possibilities here, if it decided to bounce off the resistance, we could expect it to fall, and bounce the blue support line, and this could lead into a cup and handle pattern.

The other possibility is that it would break out from the triangle.

Until now, we could only wait for a confirmation.

This is not a trading/financial advice

Good luck to you all!

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