FX.co ★ USD/CAD analysis for August 19, 2022 - Breakout of the mini bullish flag pattern

Technical analysis:

USD/CAD has been trading upside. I found the breakout of the symmetrical triangle in the background in the upside trend.

Trading recommendation:

Due to the breakout of the symmetrical triangle, I see potential for further rise.

Watch for potential buying opportunities on the intraday dips with the upside objectives at 1.3024 and 1.3142.

MACD oscillator is showing fresh new momentum to the upside, which is another confirmation of the momentum.

Key support is set at the price of 1.2930