USD/CAD is in a triangle
Oil prices will likely remain elevated as there are no signs that the Middle East tensions will ease anytime soon.
USD/CAD: bullish 'Harami'
Information is not investment advice
There's a bullish 'Harami', which has been formed above the Moving Averages. Also, there's no any bearish pattern so far. In this case, we should watch the nearest resistance at 1.3559 as a potential target. The subsequent pullback from this level could lead to a downward correction towards the 34 Moving Average.
Galya Svetlova
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