USDCAD Cup and Handle Formation on Intraday Charts
|The USD/CAD has formed a cup and handle formation, and the price is consolidating between Daily camarilla levels. Because the handle in this pattern formation usually has a downward slope, we might see a break below 1.2830 towards 1.2816 and 1.2779. However h1 momentum or 4h close above 1.2864 could target 1.2892, 1.2911 and 1.2939. Watch for a handle break and continuation towards mentioned targets.
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