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USD/CAD Trading in an Ascending Triangle

posted by Avatar FXTimes 365 days ago in USD, CAD, Technical made popular 365 days ago

The USD/CAD continues to tap at the 1.03 handle. The 1.0280 and 1.0315 levels are previous resistance pivots. The 1H chart shows the market in an ascending triangle. There is also a sign of bullish momentum bias as the RSI failed to break below 40 after it tagged 30. Though for now, as it is stuck between 40 and 60, it reflects consolidation...
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