USDCAD has given a breakout from the descending triangle pattern. It was a big rally on the downside and now, it is trading at a support level or end of downside rally. According to chart pattern analysis, we might see some upside correction in USDCAD from the current price level. Trade for upside can be initiated with proper risk management and stop loss.

Thanks

Vivek_Samale
Vivek_Samale

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.