USD/CAD Technical Analysis (US Dollar / Canadian Dollar)

--- Follow up analysis ---
The triple bottom pattern was confirmed by the break of the neckline at 0.9550, a level representing a strong zone of resistance (new buy signal). This has led to an acceleration of the upward movement of the price which is currently testing the psychological threshold of 1.0. We can expect further upward movement in the coming days even if a correction is likely to happen before the crossing of 1.0. Indeed, the objective of the pattern is set at 1.0050.