USDCAD: Shaping a tripple bottom
The price action held the parallel support finds at 1.2350, on a weekly basis the probability of shaping into a triple bottom is gradually increasing.
In the near term, while holding 1.2350 on a daily closing basis, we again forecast a bullish reaction to the 1.2530 above this 1.2590 also possible.
A trend reversal could have expected if close above 1.2600. In this scenario 1.2660,1.2770 and 1.2830 are an open target.
In the near term, while holding 1.2350 on a daily closing basis, we again forecast a bullish reaction to the 1.2530 above this 1.2590 also possible.
A trend reversal could have expected if close above 1.2600. In this scenario 1.2660,1.2770 and 1.2830 are an open target.
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