USDCAD 15 MINUTES BULLISH TREND CONTINUATION

The USDCAD on the 15 minutes time frame is currently forming a bearish flag , which is a market continuation pattern.This bearish flag is compressing towards the last Resistance level which the expectation is that it will turn into support and the bullish trend will continue.

Comment: As explained earlier the market played as expected, the bullish flag bounced of the previous Resistance which is now acting as a support. The price is on its way up and we are expecting it to hit the target next week.