USDCAD holds went below 1.4000 like I predicted today in my newsletter but now sits just on an important level in the short term. The 4-hour chart is showing us that it is in a new bullish triangle formation.
The levels we must watch in mind are the following: 1.37865, 1.39588 - 1.40548, 1.42469
Note: If we lose the 1.39588 level, it is highly likely the next major support is around 1.37865.
What do we have here?
✔️ Bull Triangle Formation
✔️ USD has weakened against most currencies recently
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
The levels we must watch in mind are the following: 1.37865, 1.39588 - 1.40548, 1.42469
Note: If we lose the 1.39588 level, it is highly likely the next major support is around 1.37865.
What do we have here?
✔️ Bull Triangle Formation
✔️ USD has weakened against most currencies recently
Thank you, Connor,
Please feel free to follow me to get more analysis. On Tradingview I share 1hr, 4hr, 1D, 1W charting analysis across major instruments only. For more short term analysis and trading ideas please subscribe to The Margin Call.
