USDCAD preparing the break a bullish triangle as it is looking with interest at the b-d trend line that is rising with each and every candle that passes. The idea of this triangle is that price formed another triangle of a lower degree for the e-wave in magenta and now that that one is completed we should see the new move starting. This whole week and the one before the USDCAD pair only squeezed higher no matter what the data either from the oil market or from Canada were. Actually, speaking of the economic data, it was CAD supportive! Didn’t matter anyways as we simply saw an aggressive move higher in the USDCAD pair. Moving forward, the CPI in the United States on Friday is key and if we see some kind of a tick higher in core prices, then chances are we’ll have a surprise next Wednesday. I guess only time will tell but at these levels, I would like to give it a try for the upper side of the triangle and then see what next. 1.3640 take profit and 1.30 stop loss are needed for a trade that requires more continuation.