USDCAD: Pullback From Support

120
There is a strong likelihood that the 📈USDCAD will experience a pullback from the support level.

This expectation is reinforced by the formation of a double bottom pattern on the 4-hour time frame, along with a breakout above the neckline of that pattern.

If this bullish momentum continues, the target for the upward movement is set at 1.3833.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.