USD/CAD Former Triangle Resistance Could Provide Support
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“The contracting range indicates potential for a triangle from the high. Typically, a triangle will lead to a thrust in the direction of the preceding trend.” Triangle targets are 1.3074 and 1.3245. If the path is still higher, then former triangle resistance should provide support if reached (about 1.2550).