USDCAD possible long

١٩ أكتوبر ٢٠٢٠

USDCAD has been trading downwards after toping out in March with the descending triangle breakdown... Recent price action is showing weakness to the downside and there could be a shift to the upside due to the emerging double bottom formation in play with the neckline around 1.3431 area. Penetration above the high of the inside reversal bar could push price to the upside..