USDCAD: Bullish Flag

USDCAD, H4

On the H4, USDCAD, in a solid bullish trend, has formed a bullish flag. The price has broken the upper boundary and continues to rise, with the CCI coming out of oversold condition.

• Further upside can be expected on the rise above 1.3790 with a target of 1.3825;

• If 1.3825 is broken, we can expect the trend to continue up to 1.3880;