The USDCAD has experienced a bullish breakout through resistance in an ascending triangle pattern. The target is set at 1.3615.

The trade setup was pinpointed on the USDCAD pair. The USDCAD’s price has surpassed the resistance line of an Ascending Triangle pattern as of 14th February 2024 at midnight. A potential upward price movement is anticipated over the next four days, possibly reaching 1.3615.

The pattern’s overall visual quality is moderate. The uniformity rating is impressive, indicating that the price changes have been fairly consistent throughout the pattern’s development. The trade setup is distinct and straightforward, with minimal disturbance during the price oscillations between support and resistance levels.

No economic events appear to be on the horizon within the forecast period that have traditionally influenced the volatility of the USDCAD pair.