USDCAD setting up a strong bearish pennant

USDCAD has been ranging between a rising support and a strong resistance at 1.32 - Currently a good short at 1.32 and target being the rising support. Also keeping an eye out for the breakout, ill keep you guys updated.

Kommentar:

I just looked at the daily and weekly and its in a clear uptrend, i dont suggest shorting USDCAD for a breakout to the lows but do keep an eye for it because it might breakout on the top side.