USDCAD is moving towards a resistance line. Because we have seen it retrace from this level in the past, we could see either a break through this line, or a rebound back to current levels. It has touched this line numerous times in the last 8 days and may test it again within the next 2 days.
Supported by Upward sloping Moving Average
Target: 1.404 Entry: 1.4014 Stop: 1.3971
Emerging Channel Down detected on USDCAD – the pattern is an emerging one and has not yet broken through support, but the price is expected to move up over the
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