USDCAD is Bullish

٢٩ مايو ٢٠٢٤

Price was in a downtrend, however bullish divergence appeared on 1H time frame with double bottom formation, indicating that bulls have taken control of the price. Moreover previous lower high was also successfully broken and a new higher high along with higher low was printed, this means that new highs are on the cards. Targets are mentioned on the chart.