USDCAD
Timeframe: H1
Technical Analysis: The price has formed a pronounced triangle formation around 1.3300 or 78.6% Fibo retracement of the downward movement launched on 24.01.2019.
Indicators: The cost is over 200 EMA and support of 50 EMA, which supports the short-term upward movement
Possible scenarios: In the downward direction, we are likely to see a price return in the downward mainstream launched in January 2019.
On returning the price inside the triangle, we would probably see a continuation of the rally started at 1.3060 at the beginning of February.
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