empty
 
 
26.12.2019 12:59 PM
USDCAD could see price move above 1.32 soon

USDCAD is most probably forming a short-term bullish flag pattern. This patterns targets 1.3220 if price breaks above 1.3175.

This image is no longer relevant

Red lines -bullish flag pattern

Green line - upper triangle boundary

USDCAD is trading inside a longer-term triangle pattern as we explained in our previous analysis. As we explain above and show in the chart, in the 4 hour time frame we observe a possible bullish flag pattern. Breaking above resistance at 1.3175 will enable our first target of 1.3220. So in the short-term we expect prices to move higher.

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback