ORBEX: USDCAD Triangle Pattern More Likely Now!

The USDCAD triangle pattern seems to be taking its final form, suggesting a marginal upside move before continuing longer to support the longer-term trend.

A successful test near the price/trendline intersection could offer a nice risk/reward medium-term opportunity.

Trade safe

Stavros Tousios
Head of Investment Research
Orbex

This analysis is provided as general market commentary and does not constitute investment advice