The USD price appreciation building up in the USDCAD pair has not yet unfolded, but when it does it will be a nice long USD trade (or short the CAD trade). Previously we identified a bullish flag on the weekly and monthly chart, but it looks like the flag is shaped a bit differently now that 2019 is behind us. Here are the new technical levels to watch. At the moment price seems to be transitioning from one trap zone to the next trap zone, but the battle lines are now clearly drawn. There will likely be some nice bullish action in this pair by the end of 2020, so don't forget to bookmark it!
