The USDCAD has experienced a downward breakout from a triangle pattern through its support level. The target is set at 1.3535.

The trading arrangement was spotted on USDCAD. The USDCAD’s cost has surpassed the support line of a Triangle pattern on April 10, 2024, at 7 AM. There is a potential forecast for a bearish price trend for the next day towards 1.3535.

The pattern’s overall visual quality is subpar. The uniformity rating is high, indicating that the price fluctuations have been fairly consistent throughout the pattern’s formation. The breakout through the support was notably feeble. It may be necessary to wait for additional confirmation of this breakout before initiating a position.