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USDCAD: Bullish Accumulation! (video analysis)



With a strong bearish rally on OIL yesterday,

CAD pairs are nicely reacting.


USDCAD formed a high momentum bullish candle on a daily.

Approaching a daily falling trend line ,

the price is currently forming an ascending triangle (classic bullish accumulation pattern).


To catch the next swing move, wait for a bullish breakout of 1.25 horizontal resistance of the triangle (daily candle close above).

Then buy on a retest.


Next supports:

1.2645

1.2735



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