The market is updating the higher lows. However, it's not updating the higher highs, which suggests that bulls are putting pressure on the resistance zone.
USDCAD
USDCAD
made an impulse move and formed equal highs. The price keeps testing the resistance, and I think the market will break through it. On the daily timeframe, it formed a bullish long-tailed bar, which means support level rejection. I expect the price to move higher, making an extension upward and testing the channel border. My target is the resistance at 1.36730
USDCAD
USDCAD made an impulse move and formed equal highs. The price keeps testing the resistance, and I think the market will break through it. On the daily timeframe, it formed a bullish long-tailed bar, which means support level rejection. I expect the price to move higher, making an extension upward and testing the channel border. My target is the resistance at 1.36730