FX.co ★ USDCAD D1: Bearish Symmetrical Triangle

According to the chart of D1, USDCAD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.3539/1.3666 and upper border is 1.3804/1.3666. The pattern width is measured on the chart at -265 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and USDCAD breaches the lower border, the price could continue its move toward 1.3626.