USDCAD has reached the bottom trend line of the ascending price channel on its daily chart which acts as support for the upside movement. As long as the USDCAD has reached the bottom trend line of the ...
-“The reaction lower after the test of the November high has dropped into support from the channel median line so upside resumption is possible immediately. The other level to be aware of for support ...
Automate trades with Mirror Trader and see ideas on other USD crosses -“Despite extremely high RSI readings on the daily (above 85 the last several days), respect upside while above 1.42 (daily close ...
The USD/CAD is currently ranging within an ascending channel. We could see a dip then a move up. The POC zone comes around 1.2650 and we could see a move to the upside. However, watch for the FOMC ...
USD/CAD could gain ground as technical analysis indicates a recovery of bullish sentiment. A break above 1.3800 could lead the pair to revisit its five-month high of 1.3846. A breach below the channel ...