Ascending Triangle has broken through the resistance line at 24-Sep-2018 07:00 EDT. Possible bullish price movement forecast for the next 6 hours towards 1.2955.
Channel Down identified at 17-Sep-2018 05:00 EDT. This pattern is still in the process of forming. Possible bearish price movement towards the support 1.2978 within the next 3 days.
Based on the last 12 Ifo Business Climate events in Germany, we expect USDCAD to trend down later today. Based on these past events there is a 66.7% of this.