USDCAD: Price continues to consolidate

FX:USDCAD   U.S. Dollar / Canadian Dollar
Last week, price didn't manage to break below the 1.2380 level and at the same time it didn't manage to break new high. As such price continued to consolidate in a triangle pattern .

A break below the 1.2380 level would send the pair likely towards the 1.2045 level.

However, as long as this level holds and price breaks above the triangle, the uptrend will continue and push price further upward.

I would love to hear your opinion, feel free to comment, agree or disagree.


Always wanted to connect, learn and help one another throughout your trading journey? Join our community for FREE at https://www.facebook.com/groups/fxpipsology/ The only thing you need to 'pay' is your commitment to trading and sharing!

Have a great pipping day!
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out