Dana16

USD/CAD - Cup and Handle - $ is BACK

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FX:USDCAD   美元 / 加元
At the moment, USD/CAD is facing the key resistance 1.2471 and we have a nice formation of the cup and handle pattern.

Generally, if the cup and handle forms after a downtrend, it could signal a reversal of the trend and according to my analysis, the trendlline resistance is already broken and a breakout above 1.2471 level as well, may indicate that bulls are taking over.

If you have a different view, please share, I would love to hear your analysis.
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