Currently, USD/CAD is trading at 1.3585. The pair started a new up trend after breaking resistance level and neckline at 1.3480. Previously, the pair was trading in a down trend while moving in a lower-low lower-high pattern. As the pair has already started a new up trend, Its first target is at 1.3663 and second target is at 1.3776.
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Rishikesh Lilawat has over seven years of experience in trading Forex and commodities markets, out of which three years in two investment banks as a professional Forex and commodities trader. He holds an M.B.A degree in finance and business analytics from the University of Pune. Realizing the central role of a trader and because of his personal and particular interest in trading, He built skills in market research, technical analysis, fundamental analysis, risk management, and fund management, etc and focus his efforts on communicating and sharing views on market trends and patterns.