USD/CAD is struggling to find bids despite a flag breakout on the 4-hour chart. The break above 1.3337 is needed to revive the bullish view put forward by the flag breakout. USD/CAD pair is currently trading at 1.3317, representing marginal losses on the day. The pair jumped to a high of 1.3337 in the US trading hours on Tuesday, confirming a flag breakout on the 4-hour chart. A flag breakout, a bullish continuation pattern, had signaled a resumption of the rally from Oct. 2’s low of 1.3206 and opened the doors for 1.3470 (target as per the measured move method). So far, however, the flag breakout has failed to accelerate the preceding bullish move. In fact, the pair has fallen back to the former resistance-turned-support of the upper edge of the flag, currently at 1.3316. Looking forward, the flag breakout would gain credence if the pair rises above 1.3337. The outlook would turn bearish if the pair drops below 1.3287, invalidating bullish higher lows pattern. 4-hour chart Trend: Bullish above 1.3337 Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Litecoin market update: LTC/USD recovery stalls under $60 FX Street 3 years USD/CAD is struggling to find bids despite a flag breakout on the 4-hour chart. The break above 1.3337 is needed to revive the bullish view put forward by the flag breakout. USD/CAD pair is currently trading at 1.3317, representing marginal losses on the day. The pair jumped to a high of 1.3337 in the US trading hours on Tuesday, confirming a flag breakout on the 4-hour chart. A flag breakout, a bullish continuation pattern, had signaled a resumption of the rally from Oct. 2's low of 1.3206 and opened the doors for 1.3470 (target as per the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.