USDCAD Three Inside Up Hourly Chart

Resistance: 0.9921 strong/0.9935 moderate/0.9955 minor Support: 0.9902 moderate/0.9888 minor/0.9868 minor USDCAD has a bearish bias though Hourly charts has formed a bullish reversal pattern Three Inside Up. With a strong resistance at 0.9921, the Pivot Point, just ahead of the pattern the preferred course of action is to wait for a push past 0.9921 before buying. Immediate target is 0.9935 then on to 0.9955. Stops should be placed below the patterns low.

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