💱USDCAD - ascending triangle realization

31 ביולי 2023

USDCAD breaks the resistance of the bullish pattern and moves to realize the accumulated potential. The price can overcome the way to the nearest resistance quite quickly if the bulls hold their positions

TA on the high timeframe:
1) Price still has upside potential towards 1.333
2) Breakout of the liquidity area forms a consolidation above 1.32300

TA on the low timeframe:
1) Price breaks out of the range and forms a consolidation
2) A retest to 1.32280 is formed, I expect a false breakdown from below and possible consolidation of the price above the level.
3) At the moment sellers are testing the support.

Key support📉: 1.32279
Key resistance📈: 1.3303