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: price to test Moving Averages
Information is not investment advice
The last bearish 'Shooting Star' and 'Harami' haven't been confirmed and there's no any reversal pattern so far. In this case, we're likely going to have a local downward correction towards the nearest support at 1.1386 above the Moving Averages. The subsequent pullback from these levels could be a departure point for another advance towards the next resistance at 1.3559.
Galya Svetlova
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