Hello Traders,
USD/CAD has been consolidating between 1.324 and 1.328. A triple bottom pattern formed with a test at the support of 1.324 3 times. This is a good opportunity for a long position to trend up back to 1.328. From a top down analysis perspective it broke through the 10 day EMA showing a possible reversal. Set your stop loss and remember to take profits.
USD/CAD has been consolidating between 1.324 and 1.328. A triple bottom pattern formed with a test at the support of 1.324 3 times. This is a good opportunity for a long position to trend up back to 1.328. From a top down analysis perspective it broke through the 10 day EMA showing a possible reversal. Set your stop loss and remember to take profits.