USD/CAD 1H Chart: Ascending Triangle

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Source: Dukascopy Bank SA
© Dukascopy Bank SA
Ascending triangles are always providing a great opportunity to make substantial profits in a short period of time. The only thing remains– is to wait until the breakout, and in our case the penetration of any of trend lines will happen not later than September 26. Recently the pair has been highly volatile after Bernanke's comment and then due to stronger-than-expected fundamental data from United States. And even though technicals do not give a clear "buy" or "sell" signal, traders can expect significant movements in the pair as long as the breakout in any direction occurs. However, it seems that bulls are struggling to push the pair above 1.032 for some time.
© Dukascopy Bank SA
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