Canadian Dollar Weekly Technical Analysis USD-CAD

The pair is trading the Canadian dollar above the downtrend on H4, after the pair succeeded in breaking up and above so far.

The daily candle above this trend must be closed to confirm the seriousness of the bullish trend or a large bullish candle confirming the trend.

As for if the price fails to pivot above the trend and confirm the rise and fall down, the buying area will be 1.3770 - 1.3670, while maintaining an appropriate stop loss.

General trend: uptrend above trend down below trend H4