Mihai_Iacob

UsdCad- Constructive price action after 1.34 test

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Mihai_Iacob Uppdaterad   
FX:USDCAD   USA-dollar/Kanadensisk dollar
Recently, UsdCad dropped under 1.35 support just to test the next important support from 1.34.
Since that low on 20 September, the pair started to rise again and now is trading back at the old support now resistance and important 1.35 figure.
The rise is painting an ascending triangle on our chart and this usually means up continuation.
A break above resistance would bring confirmation and the pair could rise back to test the 1.3650 zone.
A drop under 1.3450 would put the pair in a range trading mood.
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