I would also like you to notice the ascending triangle pattern which is providing resistance at $1.3350. The ascending triangle patterns indicate the bullish bias of traders and typically break on the upper side. The USD/CAD can find an immediate resistance near $1.3285 and $1.3350. The violation of $1.3350 can lead commodity currency towards $1.3550.
Ahead of the news, I will be looking to stay bullish above $1.3235 with a stop below $1.3200 and a take profit at $1.3280 and $1.3355. Good luck and have an awesome weekend!
Ahead of the news, I will be looking to stay bullish above $1.3235 with a stop below $1.3200 and a take profit at $1.3280 and $1.3355. Good luck and have an awesome weekend!