USDCAD has been consistent on this pattern. After each peak the price breaks below the 1D MA50 and makes a bottom. When it breaks above the MA50 again, the trend line supports the next uptrend all the way to the next peak. Then the cycle is repeated.
Currently it is approaching the MA50 and if that holds I am expecting a sustainable ~ 2 month uptrend. The target is up to the risk/ reward you want to take but take into account the (dashed) Lower High trend line.
Currently it is approaching the MA50 and if that holds I am expecting a sustainable ~ 2 month uptrend. The target is up to the risk/ reward you want to take but take into account the (dashed) Lower High trend line.
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