I posted a couple of weeks ago about the possibility of the USDCAD breaching the high on the weekly which is highlighted by the red box.
Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume that the bullish momentum will continue.
Expected Price target is around 1.3950
Attached in the Link to Related ideas was the orignal post that i posted few weeks back...
Now that Price has clearly broken it, I am expecting this clear upward momentum to continue. Also to point out, the green trendline has held firm where price has failed to break and close below it, therefore it is safe to assume that the bullish momentum will continue.
Expected Price target is around 1.3950
Attached in the Link to Related ideas was the orignal post that i posted few weeks back...
