USDCAD maintains a monthly uptrend in a monthly bullish pattern.
Thus, the current pattern can change to a leading diagonal pattern under the condition that the uptrend will continue.
If so, after the last correction and if it rebounds, I expect an uptrend to renew the high. Keep an eye out for opportunities in the monthly demand zone.
Thus, the current pattern can change to a leading diagonal pattern under the condition that the uptrend will continue.
If so, after the last correction and if it rebounds, I expect an uptrend to renew the high. Keep an eye out for opportunities in the monthly demand zone.
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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.