Resistance: well above forecasted values
Support: 1.0143 minor/1.0124 minor/1.0101 moderate
USDCAD has a bullish trend though prices are looking overextended. With a high level bullish candlestick pattern, Three Outside Up continue to hold current longs while aggressive buys may also be taken by neutral traders with stops just under the pattern low or 1.0143. Look for the rally in the market to continue further.
Learn more about the chart patterns and how to recognize them in our Learning Center: Japanese Candlesticks - A Way To aLook At Prices