The USD/CAD pair has formed a bullish flag pattern in the daily chart.
It has given a valid breakout and is currently retesting the broken flag line.
The retesting zone also coincides with the 21-EMA which can also act as a good support.
Hence we expect the pair to be bullish and the retesting zone is a good entry point for long trades.
It has given a valid breakout and is currently retesting the broken flag line.
The retesting zone also coincides with the 21-EMA which can also act as a good support.
Hence we expect the pair to be bullish and the retesting zone is a good entry point for long trades.