Will the Ascending Triangle hold or fail? Plot your targets on the chart.
Bullish continuation pattern.
Consolidation. Can break either way.
Technical analysis of /USDCAD (USD/CAD) reveals a significant setup. The stock is trading at $1.38, up 0.22% on the day. The primary technical feature is a Ascending Triangle formation. Volume is average (1.0x avg) with high trend strength (68.8). A potential breakout level is identified at $1.39, targeting $1.42 with support near $1.36 (R:R 1.4).
What is your outlook on USD/CAD?