USD/CAD could be forming a very large bullish “triangle” continuation pattern – Credit Suisse

Economists at Credit Suisse analyze USD/CAD technical outlook.

Key support is seen at 1.3301

“USD/CAD continues to trade in the middle of its range, but in our view, the price action looks like a clear potential bullish ‘triangle’ continuation pattern, which reinforces our broader USD bullish view.”

“Next key resistance is seen at 1.3670, then 1.3864, above which would definitively confirm the “triangle” to open up a move to 1.3978/4000 next, then 1.4099.”

“Key support is seen at 1.3301, which needs to hold to maintain the bull ‘triangle’ potential.”