FX.co ★ USDCAD M5: Bullish Symmetrical Triangle

According to the chart of M5, USDCAD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.4082/1.4094 whereas the upper border goes across 1.4102/1.4094. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of USDCAD will breach the upper border to head for 1.4109.