26.12.201912:59 Forex Analysis & Reviews: USDCAD could see price move above 1.32 soon

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USDCAD is most probably forming a short-term bullish flag pattern. This patterns targets 1.3220 if price breaks above 1.3175.

Red lines -bullish flag pattern

Green line - upper triangle boundary

USDCAD is trading inside a longer-term triangle pattern as we explained in our previous analysis. As we explain above and show in the chart, in the 4 hour time frame we observe a possible bullish flag pattern. Breaking above resistance at 1.3175 will enable our first target of 1.3220. So in the short-term we expect prices to move higher.

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