Adam-Robinson

USDCAD - BULLISH FLAG

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OANDA:USDCAD   美元 / 加元
Weekly - Price looks to be forming a bullish flag which may move price to higher to 1.38000 if 1.33300 level is broken. However, recent lower low on 30th of December may mean that price will move further or at least to 1.29050 support level.

Daily - Price has been in an ascending pitchfork since Septermber 2017 with the lower border providing strong support level which was last touched on January 6th with confluence with Febuary 2019 lower trendline. Price now moving towards weekly resistance level of 1.33300.

4 Hour - Price has formed a rising wedge which is a neutral pattern, meaning they can be a reversal or a continuation. If price breaks the upper border of the wedge the take profit level will be the length of the wedge mouth. Same applies if price breaks the lower level.

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