USDCAD: Bullish Accumulation! 🇺🇸🇨🇦
With a strong bearish rally on OIL yesterday,
CAD pairs are nicely reacting.
USDCAD formed a high momentum bullish candle on a daily.
Approaching a daily falling trend line,
the price is currently forming an ascending triangle (classic bullish accumulation pattern).
To catch the next swing move, wait for a bullish breakout of 1.25 horizontal resistance of the triangle (daily candle close above).
Then buy on a retest.
Next supports:
1.2645
1.2735
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Note
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