USDCAD: One More Trend-Following Setup

We previously observed a clear breakout of a vertical trend line on a short-term chart.

Following this, the price displayed several bullish signals on a 4-hour timeframe.

Initially, there was a double bottom formation with a break above the neckline. Subsequently, the price also broke through a resistance level within a horizontal range.

Overall, market sentiment is strongly positive for this pair. We can expect further upside movement, potentially reaching at least 1.3782.
Double Top or BottomSupport and ResistanceTrend Lines

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