Price increased today, but it seems like is losing the bullish momentum. USD/CAD is still trading below the 1.2389 Wednesday’s high. The next upside target will be at the median line (ml) of the blue ascending pitchfork. USD/CAD is still under pressure as long a is trading within the descending pitchfork’s body.
We’ll have a broader increase only after a valid breakout from the minor descending pitchfork’s body.