USDCAD: Detailed Technical Outlook 🇺🇸🇨🇦

On a today's live stream, we discussed USDCAD.

The pair is trading in a bullish trend, steadily growing within a rising parallel channel.
Retesting a current year's high, the price started to coil within a horizontal trading range.

For now, we are expecting a consolidation within the boundaries of the range.
Its bullish breakout will trigger a bullish continuation to the resistance of a rising channel.
Its bearish breakout will push the market lower, all the way down to the support of the channel.

Plan your trades accordingly.

❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️

Kommentera:

Check my new analysis on ETHUSD: