USDCAD 4HR Bullish Triangle On Support

USDCAD holds went below 1.4000 like I predicted today in my newsletter but now sits just on an important level in the short term. The 4-hour chart is showing us that it is in a new bullish triangle formation.

The levels we must watch in mind are the following: 1.37865, 1.39588 - 1.40548, 1.42469

Note: If we lose the 1.39588 level, it is highly likely the next major support is around 1.37865.

What do we have here?
✔️ Bull Triangle Formation
✔️ USD has weakened against most currencies recently

Thank you, Connor,

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