FX-TradingLions

USDCAD | Could be a good buy

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Hey Traders!

Our examination primarily focused on extended timeframes. The daily chart exhibits a robust double bottom coupled with a validated falling wedge. Given its yet-to-be-realized profit trajectory, aligning with the prevailing market trend, I recommend a continued buying approach.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.