We've got a pennant formation here and as long as it stay as this or turn into flag which is possible, I expect this to go down after breaking 1.30575
That should interest you
Price coming up to test previous key horizontal levels when price was in a strong downtrend. We’re now seeing price break through 1.26 following the break of the ascending triangle, looking to continue the bullish move retesting previous key horizontal levels.
The longer-term trend lines for the U.S. dollar-Canadian dollar are very conflicted. However, in the shorter run, the one-week trend is bullish, with price more-or-less rising from day to day ever since October 22, 2021. That northbound trajectory appears to…