USDCAD is trading in Descending Triangle Pattern. It may face the resistance of the trend line after giving a good rally in preceding days. But it will not able to break the trend line and its pullback from the trend line resistance. So, we might see USDCAD may take support at minor support 1 and consolidate for time, or if it breaks that minor support, we may see further downside in USDCAD towards the support 2, as it is forming the descending triangle pattern.
If You Like Idea Do Follow/Comment/Like For More Quick Update As Time Is Money.
Note Trade With Proper Risk Management System
Thanks
I have half a decade of experience as a trader and enthusiastically learning & developing new strategies in algorithm trading & also analyzing the companies with New ESG method.
