Looking like it is heading for the 1.2370 support area?
Could be a good quick day trade?
Who thinks we could see the pound moving higher? There is a nice resistance level coming up at around 1.5600
Hopefully heading that direction.
A symmetrical triangle pattern is emerging on USDCAD but which way is it going to go?
I think looking at previous resistance points that a bearish outcome is likely.
WORTH HAVING A LOOK?
The 1.42 support level has been broken and the 1.38 support looks open for opportunity.
Placed my entry slightly below where it is sat just to be safe of the breakout.